GFL Environmental (NYSE:GFL) PT Raised to $34.00 at Wells Fargo & Company

GFL Environmental (NYSE:GFLGet Free Report) had its price target upped by investment analysts at Wells Fargo & Company from $30.00 to $34.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 4.59% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on GFL. Jefferies Financial Group cut their price target on shares of GFL Environmental from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, October 23rd. Raymond James upped their price objective on shares of GFL Environmental from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. TD Cowen initiated coverage on shares of GFL Environmental in a research note on Tuesday, November 7th. They set an “outperform” rating and a $40.00 price objective for the company. UBS Group initiated coverage on shares of GFL Environmental in a research note on Wednesday, January 31st. They set a “buy” rating and a $44.00 price objective for the company. Finally, Bank of America lowered shares of GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Friday, January 19th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.23.

Read Our Latest Stock Analysis on GFL

GFL Environmental Stock Performance

Shares of GFL opened at $35.64 on Tuesday. The firm has a 50-day moving average price of $32.72 and a 200 day moving average price of $32.09. The firm has a market capitalization of $13.18 billion, a PE ratio of -80.99 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.23. GFL Environmental has a 52-week low of $26.87 and a 52-week high of $39.06.

Hedge Funds Weigh In On GFL Environmental

A number of hedge funds have recently added to or reduced their stakes in GFL. Advisor Group Holdings Inc. increased its holdings in GFL Environmental by 49.7% in the first quarter. Advisor Group Holdings Inc. now owns 11,312 shares of the company’s stock worth $368,000 after buying an additional 3,758 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in GFL Environmental by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 474,113 shares of the company’s stock worth $15,428,000 after buying an additional 47,959 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in GFL Environmental by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 168,448 shares of the company’s stock worth $5,482,000 after buying an additional 3,132 shares during the last quarter. Citigroup Inc. increased its holdings in GFL Environmental by 718.0% in the first quarter. Citigroup Inc. now owns 3,918 shares of the company’s stock worth $128,000 after buying an additional 3,439 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in GFL Environmental by 67.9% in the first quarter. BlackRock Inc. now owns 4,132,297 shares of the company’s stock worth $134,465,000 after buying an additional 1,670,653 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

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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