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

GFL Environmental (NYSE:GFL) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Tuesday, MarketBeat reports.

Several other analysts also recently commented on the stock. UBS Group upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a research report on Monday. Truist Financial boosted 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, November 8th. Scotiabank dropped their price objective on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Finally, Citigroup initiated coverage on shares of GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.56.

GFL Environmental Stock Up 1.0 %

Shares of NYSE:GFL opened at $44.41 on Tuesday. The company has a market capitalization of $17.47 billion, a PE ratio of -33.39 and a beta of 1.17. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a twelve month low of $30.57 and a twelve month high of $48.87. The firm has a 50 day simple moving average of $44.41 and a 200-day simple moving average of $43.13.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.98 billion. On average, equities analysts predict that GFL Environmental will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On GFL Environmental

A number of large investors have recently added to or reduced their stakes in GFL. Fred Alger Management LLC grew its stake in GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock valued at $407,619,000 after acquiring an additional 3,999,363 shares during the last quarter. Norges Bank acquired a new stake in GFL Environmental in the 4th quarter valued at about $126,420,000. Capital Research Global Investors grew its stake 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 acquiring an additional 2,751,618 shares during the last quarter. Soros Fund Management LLC grew its stake in GFL Environmental by 487.0% in the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after acquiring an additional 2,618,589 shares during the last quarter. Finally, FMR LLC grew its stake in GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company’s stock valued at $1,233,223,000 after acquiring an additional 2,506,021 shares during the last quarter. 64.70% of the stock is 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.