Stifel Nicolaus Upgrades GFL Environmental (NYSE:GFL) to “Buy”

GFL Environmental (NYSE:GFL) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday. Raymond James boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Citigroup initiated coverage on GFL Environmental in a research report on Monday, January 27th. They issued a “buy” rating and a $53.00 price target for the company. UBS Group upped their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Truist Financial boosted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.56.

GFL Environmental Price Performance

Shares of NYSE:GFL traded down $1.71 during trading on Tuesday, reaching $44.30. The company had a trading volume of 1,270,515 shares, compared to its average volume of 1,686,414. The firm has a market capitalization of $17.42 billion, a PE ratio of -33.35 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. GFL Environmental has a twelve month low of $30.57 and a twelve month high of $48.87. The firm’s fifty day moving average is $44.44 and its 200 day moving average is $43.09.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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. On average, equities analysts forecast that GFL Environmental will post 0.58 EPS for the current year.

Institutional Trading of GFL Environmental

Several institutional investors have recently bought and sold shares of the stock. FMR LLC grew its position in shares of GFL Environmental by 10.0% during the 4th 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 in the last quarter. Capital Research Global Investors increased its position in GFL Environmental by 11.4% in 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. Massachusetts Financial Services Co. MA lifted its position in GFL Environmental by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company’s stock valued at $471,287,000 after acquiring an additional 257,486 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of GFL Environmental by 1.9% in the 4th quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company’s stock worth $463,713,000 after buying an additional 190,018 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of GFL Environmental by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company’s stock worth $387,705,000 after purchasing an additional 217,096 shares during the period. Institutional investors and hedge funds 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.