Truist Financial Raises GFL Environmental (NYSE:GFL) Price Target to $58.00

GFL Environmental (NYSE:GFL) had its target price boosted by Truist Financial from $54.00 to $58.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 20.86% from the company’s previous close.

Several other research firms have also recently issued reports on GFL. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. Citigroup assumed coverage on shares of GFL Environmental in a research report on Monday, January 27th. They set a “buy” rating and a $53.00 target price for the company. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Scotiabank upped their price objective on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.13.

GFL Environmental Stock Up 0.5 %

Shares of NYSE:GFL traded up $0.22 on Wednesday, hitting $47.99. 378,461 shares of the company traded hands, compared to its average volume of 1,379,400. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $49.35. The stock has a 50 day simple moving average of $45.85 and a 200-day simple moving average of $44.08. The company has a market cap of $18.88 billion, a PE ratio of -36.06 and a beta of 1.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.98 billion. As a group, research analysts expect that GFL Environmental will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On GFL Environmental

A number of large investors have recently bought and sold shares of GFL. FMR LLC lifted its position 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 last quarter. Capital Research Global Investors lifted its holdings in 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 in the last quarter. Fred Alger Management LLC boosted its position in GFL Environmental by 1.9% in the 4th quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company’s stock valued at $463,713,000 after buying an additional 190,018 shares during the period. Vanguard Group Inc. grew its stake in GFL Environmental by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company’s stock worth $387,705,000 after acquiring an additional 217,096 shares in the last quarter. Finally, Soros Fund Management LLC increased its position in shares of GFL Environmental by 1.5% during the fourth quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company’s stock worth $142,702,000 after acquiring an additional 47,577 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.

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.