Citigroup Issues Positive Forecast for GFL Environmental (NYSE:GFL) Stock Price

GFL Environmental (NYSE:GFL) had its price target boosted by Citigroup from $51.00 to $56.00 in a research note released on Wednesday,BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. 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 report on Wednesday, March 5th. Truist Financial upped their price target on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. Finally, National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.50.

GFL Environmental Stock Up 1.2 %

GFL stock opened at $48.34 on Wednesday. The company’s 50 day moving average price is $45.98 and its 200 day moving average price is $44.11. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of -36.35 and a beta of 1.16. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $49.35. 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 (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, equities research analysts anticipate that GFL Environmental will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On GFL Environmental

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