Analysts Set GFL Environmental Inc. (NYSE:GFL) Price Target at $49.63

Shares of GFL Environmental Inc. (NYSE:GFL) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $50.50.

GFL has been the topic of several research reports. Scotiabank lifted their target price on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 5th. Citigroup upped their price objective on GFL Environmental from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. Truist Financial upped their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th.

Institutional Investors Weigh In On GFL Environmental

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its holdings in GFL Environmental by 10.0% during the 4th quarter. FMR LLC now owns 27,664,678 shares of the company’s stock valued at $1,233,223,000 after purchasing an additional 2,506,021 shares during the last quarter. Capital Research Global Investors boosted its position in shares of GFL Environmental by 11.4% during the fourth 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 period. Fred Alger Management LLC grew its stake in shares of GFL Environmental by 1.9% during the fourth 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 last quarter. Vanguard Group Inc. raised its holdings in shares of GFL Environmental by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company’s stock worth $387,705,000 after buying an additional 217,096 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in shares of GFL Environmental by 11.3% in the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company’s stock worth $145,889,000 after buying an additional 372,534 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Up 1.2 %

GFL stock opened at $48.34 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental has a 1-year low of $30.57 and a 1-year high of $49.35. The business has a 50 day simple moving average of $45.98 and a two-hundred day simple moving average of $44.11. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of -36.35 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last posted its 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. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Research analysts anticipate that GFL Environmental will post 0.58 EPS for the current fiscal year.

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.