GFL Environmental (NYSE:GFL - Get Free Report) had its target price lifted by analysts at Truist Financial from $58.00 to $60.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 20.12% from the company's current price.
GFL has been the subject of a number of other research reports. National Bank Financial raised GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Citigroup lifted their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Raymond James Financial restated an "outperform" rating and issued a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Royal Bank Of Canada lifted their price target on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Scotiabank restated an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $57.57.
Read Our Latest Analysis on GFL Environmental
GFL Environmental Trading Down 0.8%
Shares of GFL stock traded down $0.39 during trading hours on Friday, hitting $49.95. 782,699 shares of the company were exchanged, compared to its average volume of 1,685,965. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82. GFL Environmental has a fifty-two week low of $37.58 and a fifty-two week high of $52.00. The company has a 50 day simple moving average of $48.96 and a two-hundred day simple moving average of $47.48. The firm has a market cap of $18.32 billion, a P/E ratio of 7.87 and a beta of 1.03.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.76%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Equities analysts anticipate that GFL Environmental will post 0.58 EPS for the current year.
Institutional Investors Weigh In On GFL Environmental
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC increased its stake in shares of GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Bessemer Group Inc. purchased a new stake in GFL Environmental during the 1st quarter worth about $28,000. LRI Investments LLC bought a new stake in shares of GFL Environmental during the first quarter valued at about $34,000. Natixis bought a new position in shares of GFL Environmental in the fourth quarter valued at approximately $49,000. Finally, Harbor Investment Advisory LLC bought a new stake in GFL Environmental during the 1st quarter worth approximately $53,000. 64.70% of the stock is currently owned by institutional investors.
GFL Environmental Company Profile
(
Get Free Report)
GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.
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