GFL Environmental (NYSE:GFL) Upgraded by Stifel Nicolaus to "Buy" Rating

GFL Environmental (NYSE:GFL - Get Free Report) was upgraded by research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday, Marketbeat.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group increased their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Citigroup started coverage on GFL Environmental in a research report on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective on the stock. Truist Financial boosted their price objective on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 target price on shares of GFL Environmental in a research note on Monday. Finally, Raymond James raised their target price on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 8th. One equities research 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.56.

GFL Environmental Trading Up 5.0 %

GFL Environmental stock traded up $2.15 during midday trading on Tuesday, reaching $45.19. The stock had a trading volume of 2,191,653 shares, compared to its average volume of 1,799,091. The stock has a market capitalization of $17.78 billion, a PE ratio of -33.98 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 50-day simple moving average is $44.38 and its 200 day simple moving average is $43.16. GFL Environmental has a twelve month low of $30.57 and a twelve month high of $48.87.

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

Hedge Funds Weigh In On GFL Environmental

Large investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of GFL Environmental by 10.0% during the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after purchasing an additional 2,506,021 shares during the period. Capital Research Global Investors grew its position in shares of GFL Environmental by 11.4% during the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock valued at $1,201,406,000 after buying an additional 2,751,618 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in GFL Environmental by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company's stock worth $471,287,000 after acquiring an additional 257,486 shares during the period. Fred Alger Management LLC lifted its holdings in GFL Environmental by 1.9% in the fourth quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company's stock worth $463,713,000 after acquiring an additional 190,018 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in GFL Environmental by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company's stock valued at $387,705,000 after acquiring an additional 217,096 shares during the period. 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.