GFL Environmental's (GFL) "Buy (B)" Rating Reiterated at Weiss Ratings

GFL Environmental (NYSE:GFL - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

GFL has been the topic of several other research reports. Royal Bank Of Canada boosted their target price on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Citigroup upped their target price on GFL Environmental from $58.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. William Blair began coverage on GFL Environmental in a research note on Thursday, September 25th. They set an "outperform" rating for the company. Truist Financial increased their price target on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus initiated coverage on GFL Environmental in a report on Tuesday, September 30th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $58.75.

GFL Environmental Stock Up 0.8%

NYSE GFL opened at $45.91 on Wednesday. The stock's 50 day moving average is $48.46 and its 200 day moving average is $48.61. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. GFL Environmental has a 12 month low of $39.63 and a 12 month high of $52.00. The stock has a market cap of $16.68 billion, a PE ratio of 7.23 and a beta of 1.17.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. GFL Environmental's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Research analysts predict that GFL Environmental will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GFL. Vanguard Group Inc. lifted its holdings in GFL Environmental by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock worth $427,166,000 after buying an additional 146,256 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of GFL Environmental by 4.4% in the 1st quarter. Royal Bank of Canada now owns 7,883,481 shares of the company's stock worth $380,850,000 after acquiring an additional 334,218 shares during the period. American Century Companies Inc. lifted its stake in GFL Environmental by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,798,031 shares of the company's stock valued at $242,109,000 after buying an additional 282,729 shares in the last quarter. Maverick Capital Ltd. lifted its stake in GFL Environmental by 13.9% in the 1st quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company's stock valued at $207,828,000 after buying an additional 523,360 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of GFL Environmental by 30.1% during the 2nd quarter. CIBC Asset Management Inc now owns 4,015,118 shares of the company's stock worth $202,625,000 after purchasing an additional 927,798 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

About GFL Environmental

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.