GFL Environmental (NYSE:GFL) Given New $50.00 Price Target at Raymond James

GFL Environmental (NYSE:GFL - Get Free Report) had its price target boosted by stock analysts at Raymond James from $47.00 to $50.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Raymond James' price objective suggests a potential upside of 10.79% from the company's current price.

A number of other research analysts have also recently commented on the company. Scotiabank upped their price objective on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a report on Friday. UBS Group upped their price target on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Royal Bank of Canada raised their price objective on GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Truist Financial lifted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, GFL Environmental presently has an average rating of "Moderate Buy" and a consensus price target of $45.80.

GFL Environmental Price Performance

Shares of GFL stock traded down $0.37 during trading hours on Friday, reaching $45.13. The company had a trading volume of 1,954,631 shares, compared to its average volume of 1,227,953. GFL Environmental has a 12-month low of $26.87 and a 12-month high of $46.48. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.15. The stock has a fifty day moving average of $40.79 and a 200-day moving average of $38.27.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts anticipate that GFL Environmental will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors grew its position in shares of GFL Environmental by 17.4% during the first quarter. Capital Research Global Investors now owns 19,851,514 shares of the company's stock worth $684,877,000 after buying an additional 2,935,811 shares in the last quarter. Millennium Management LLC grew its holdings in GFL Environmental by 40.0% during the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock worth $219,922,000 after acquiring an additional 1,614,182 shares in the last quarter. Progeny 3 Inc. increased its position in shares of GFL Environmental by 516.3% in the 2nd quarter. Progeny 3 Inc. now owns 893,300 shares of the company's stock valued at $34,776,000 after purchasing an additional 748,350 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company's stock valued at $273,053,000 after purchasing an additional 683,120 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its position in shares of GFL Environmental by 22.1% during the 2nd quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company's stock worth $127,911,000 after purchasing an additional 595,259 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

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.