GFL Environmental (NYSE:GFL) Stock Price Expected to Rise, Raymond James Analyst Says

GFL Environmental (NYSE:GFL) had its target price raised by stock analysts at Raymond James from $47.00 to $50.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 10.82% from the stock’s previous close.

GFL has been the subject of a number of other research reports. Scotiabank upped their price target on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a report on Friday. Royal Bank of Canada raised their target price on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. UBS Group lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Truist Financial lifted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, GFL Environmental has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Trading Down 0.8 %

Shares of NYSE GFL traded down $0.38 during midday trading on Friday, reaching $45.12. 1,954,631 shares of the stock were exchanged, compared to its average volume of 1,052,493. GFL Environmental has a 12 month low of $26.87 and a 12 month high of $46.48. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of -33.92 and a beta of 1.15. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day simple moving average of $40.82 and a two-hundred day simple moving average of $38.39.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.46% and a negative net margin of 7.54%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, equities research analysts expect that GFL Environmental will post 0.61 EPS for the current year.

Hedge Funds Weigh In On GFL Environmental

Several hedge funds have recently bought and sold shares of GFL. Headlands Technologies LLC purchased a new stake in GFL Environmental in the first quarter valued at about $39,000. Cape Investment Advisory Inc. boosted its holdings in GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock worth $44,000 after buying an additional 975 shares in the last quarter. Fifth Third Bancorp grew its position in shares of GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after acquiring an additional 459 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of GFL Environmental in the third quarter valued at approximately $60,000. Finally, Tobam raised its position in GFL Environmental by 139.5% during the second quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares during the period. Institutional investors own 64.70% of the company’s stock.

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.