GFL Environmental (NYSE:GFL) Stock Price Expected to Rise, Truist Financial Analyst Says

GFL Environmental (NYSE:GFL - Get Free Report) had its target price boosted by equities researchers at Truist Financial from $54.00 to $58.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 35.26% from the company's previous close.

A number of other research firms also recently weighed in on GFL. Royal Bank of Canada reaffirmed an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Scotiabank lifted 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. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Citigroup began coverage on GFL Environmental in a research note on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective on the stock. Finally, Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, GFL Environmental presently has an average rating of "Moderate Buy" and an average target price of $51.38.

GFL Environmental Trading Down 4.1 %

NYSE:GFL traded down $1.85 on Wednesday, reaching $42.88. The stock had a trading volume of 3,728,419 shares, compared to its average volume of 1,414,247. The company has a market cap of $16.87 billion, a price-to-earnings ratio of -32.24 and a beta of 1.09. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $49.35. 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 firm's fifty day moving average is $46.15 and its two-hundred day moving average is $44.24.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in GFL Environmental by 3,470.3% during the 1st quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock worth $64,000 after buying an additional 1,284 shares during the period. Wellington Management Group LLP purchased a new stake in shares of GFL Environmental during the fourth quarter worth about $93,343,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of GFL Environmental in the fourth quarter worth about $2,203,000. Polar Asset Management Partners Inc. boosted its holdings in GFL Environmental by 241.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company's stock valued at $5,344,000 after purchasing an additional 84,851 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in GFL Environmental by 74.2% in the fourth quarter. Mackenzie Financial Corp now owns 231,348 shares of the company's stock valued at $10,302,000 after purchasing an additional 98,539 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

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.