GFL Environmental (NYSE:GFL) Given New $54.00 Price Target at Truist Financial

GFL Environmental (NYSE:GFL) had its price target lifted by equities research analysts at Truist Financial from $46.00 to $54.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 17.62% from the company’s current price.

Several other research analysts have also recently issued reports on GFL. Scotiabank increased their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a report on Friday. Raymond James raised their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Royal Bank of Canada raised their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, UBS Group raised their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.30.

GFL Environmental Stock Up 0.9 %

Shares of GFL Environmental stock opened at $45.91 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $45.99. The firm’s 50-day moving average is $40.73 and its two-hundred day moving average is $38.22. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of -30.61 and a beta of 1.15.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. As a group, research analysts expect that GFL Environmental will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of GFL Environmental

A number of institutional investors have recently bought and sold shares of the stock. Truist Financial Corp boosted its stake in GFL Environmental by 1.8% in the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after purchasing an additional 268 shares in the last quarter. Signaturefd LLC boosted its stake in GFL Environmental by 23.5% in the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock worth $84,000 after purchasing an additional 409 shares in the last quarter. Fifth Third Bancorp boosted its stake in GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in GFL Environmental by 3.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock worth $838,000 after buying an additional 664 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in GFL Environmental by 13.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,795 shares of the company’s stock worth $234,000 after buying an additional 780 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.