GFL Environmental (NYSE:GFL) Now Covered by Citigroup

Equities research analysts at Citigroup started coverage on shares of GFL Environmental (NYSE:GFL) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $53.00 price target on the stock. Citigroup’s price target would indicate a potential upside of 25.43% from the company’s current price.

GFL has been the topic of several other research reports. UBS Group lifted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial lifted their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank increased their price target on GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, Raymond James raised their price target on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $42.25 on Monday. The stock has a market cap of $16.62 billion, a P/E ratio of -31.77 and a beta of 1.17. 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’s fifty day moving average is $44.77 and its 200 day moving average is $42.15. GFL Environmental has a one year low of $30.57 and a one year high of $48.87.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Sell-side analysts anticipate that GFL Environmental will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On GFL Environmental

Several institutional investors have recently added to or reduced their stakes in GFL. Envestnet Asset Management Inc. boosted its position in shares of GFL Environmental by 21.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 126,693 shares of the company’s stock valued at $4,932,000 after acquiring an additional 22,481 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in GFL Environmental by 23.2% during the second quarter. Dimensional Fund Advisors LP now owns 731,556 shares of the company’s stock valued at $28,479,000 after purchasing an additional 137,845 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in GFL Environmental during the second quarter valued at $310,000. Squarepoint Ops LLC bought a new position in GFL Environmental during the second quarter valued at $220,000. Finally, Toronto Dominion Bank grew its stake in shares of GFL Environmental by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 87,085 shares of the company’s stock worth $3,390,000 after buying an additional 12,933 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

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.