Citigroup Issues Positive Forecast for GFL Environmental (NYSE:GFL) Stock Price

GFL Environmental (NYSE:GFL - Get Free Report) had its price objective boosted by equities researchers at Citigroup from $51.00 to $56.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective suggests a potential upside of 30.60% from the stock's previous close.

GFL has been the topic of several other reports. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Scotiabank increased their target price on GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 5th. Royal Bank of Canada restated an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, Truist Financial upped their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.38.

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GFL Environmental Stock Performance

NYSE GFL traded down $1.85 during trading hours on Wednesday, hitting $42.88. The company's stock had a trading volume of 3,728,419 shares, compared to its average volume of 1,414,247. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $49.35. The company's 50 day simple moving average is $46.15 and its two-hundred day simple moving average is $44.24. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $16.87 billion, a P/E ratio of -32.24 and a beta of 1.09.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, sell-side analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

Institutional Trading of GFL Environmental

Several institutional investors and hedge funds have recently modified their holdings of the company. Cerity Partners LLC increased its stake in GFL Environmental by 88.5% in the 3rd quarter. Cerity Partners LLC now owns 21,148 shares of the company's stock worth $843,000 after buying an additional 9,930 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of GFL Environmental by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company's stock worth $1,769,000 after purchasing an additional 848 shares in the last quarter. Walleye Trading LLC bought a new stake in GFL Environmental during the 3rd quarter valued at approximately $606,000. Verition Fund Management LLC lifted its holdings in GFL Environmental by 539.9% in the 3rd quarter. Verition Fund Management LLC now owns 84,468 shares of the company's stock worth $3,369,000 after purchasing an additional 71,268 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in GFL Environmental in the 3rd quarter worth approximately $515,000. 64.70% of the stock is currently 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.