GFL Environmental (NYSE:GFL) Price Target Raised to $52.00

GFL Environmental (NYSE:GFL) had its target price upped by Scotiabank from $50.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 11.68% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Citigroup initiated coverage on shares of GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, UBS Group boosted 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.78.

GFL Environmental Stock Performance

Shares of GFL opened at $46.56 on Wednesday. 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 company has a market capitalization of $18.32 billion, a price-to-earnings ratio of -35.01 and a beta of 1.16. The company’s 50 day simple moving average is $44.53 and its 200 day simple moving average is $43.32. GFL Environmental has a 1 year low of $30.57 and a 1 year high of $48.87.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. On average, sell-side analysts predict that GFL Environmental will post 0.58 EPS for the current year.

Institutional Trading of GFL Environmental

Large investors have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC acquired a new stake in GFL Environmental in the 4th quarter valued at about $27,000. Continuum Advisory LLC increased its position in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after acquiring an additional 254 shares in the last quarter. Natixis bought a new position in shares of GFL Environmental in the 4th quarter valued at about $49,000. Finally, SRH Advisors LLC bought a new position in shares of GFL Environmental in the 4th quarter valued at about $89,000. 64.70% of the stock is owned by institutional investors.

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.