GFL Environmental (NYSE:GFL) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

GFL Environmental (NYSE:GFL - Get Free Report) had its price target raised by stock analysts at Royal Bank of Canada from $53.00 to $56.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 12.86% from the stock's previous close.

Several other equities research analysts have also recently weighed in on GFL. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Scotiabank increased their price target on shares of GFL Environmental from $54.00 to $56.00 and gave the company a "sector outperform" rating in a research report on Monday, May 5th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Raymond James reissued an "outperform" rating and issued a $57.00 target price (up from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Finally, Truist Financial upped their price target on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $54.14.

GFL Environmental Price Performance

GFL traded down $0.80 during trading on Monday, reaching $49.62. The stock had a trading volume of 1,926,561 shares, compared to its average volume of 1,481,313. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $19.52 billion, a PE ratio of -37.31 and a beta of 1.08. The business has a 50-day moving average of $47.92 and a 200-day moving average of $45.66. GFL Environmental has a one year low of $30.57 and a one year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that GFL Environmental will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On GFL Environmental

Several hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in GFL Environmental by 10.0% during the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after buying an additional 2,506,021 shares during the last quarter. Capital Research Global Investors raised its position in shares of GFL Environmental by 11.4% in the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock worth $1,201,406,000 after purchasing an additional 2,751,618 shares during the last quarter. Fred Alger Management LLC boosted its stake in GFL Environmental by 1.9% in the 4th quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company's stock worth $463,713,000 after purchasing an additional 190,018 shares in the last quarter. Vanguard Group Inc. increased its stake in GFL Environmental by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock valued at $427,166,000 after purchasing an additional 146,256 shares in the last quarter. Finally, Soros Fund Management LLC increased its position in shares of GFL Environmental by 1.5% during the fourth quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company's stock valued at $142,702,000 after acquiring an additional 47,577 shares in the last quarter. Institutional investors own 64.70% of the company's stock.

GFL Environmental Company Profile

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.