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

GFL Environmental (NYSE:GFL) had its price objective boosted by Truist Financial from $54.00 to $58.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Citigroup assumed coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, Scotiabank upped their price target on shares of 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 investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

GFL Environmental Trading Up 1.2 %

NYSE GFL opened at $48.34 on Wednesday. The firm has a market capitalization of $19.02 billion, a PE ratio of -36.35 and a beta of 1.16. The stock’s 50 day moving average is $45.98 and its 200 day moving average is $44.11. GFL Environmental has a twelve month low of $30.57 and a twelve month high of $49.35. 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 announced its 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. The firm had revenue of $1.42 billion for 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 forecast that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GFL Environmental

Hedge funds have recently bought and sold shares of the business. Cerity Partners LLC grew its stake in shares of GFL Environmental by 88.5% in the third quarter. Cerity Partners LLC now owns 21,148 shares of the company’s stock worth $843,000 after acquiring an additional 9,930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in GFL Environmental by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company’s stock worth $1,769,000 after purchasing an additional 848 shares during the period. Walleye Trading LLC purchased a new stake in GFL Environmental during the 3rd quarter valued at $606,000. Verition Fund Management LLC lifted its holdings in shares of GFL Environmental by 539.9% during the 3rd quarter. Verition Fund Management LLC now owns 84,468 shares of the company’s stock valued at $3,369,000 after buying an additional 71,268 shares during the period. Finally, Erste Asset Management GmbH purchased a new position in shares of GFL Environmental in the 3rd quarter worth $515,000. 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.