GFL Environmental (NYSE:GFL) Price Target Raised to $60.00

by · The Cerbat Gem

GFL Environmental (NYSE:GFL – Get Free Report) had its target price boosted by investment analysts at UBS Group from $58.00 to $60.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 37.23% from the stock’s current price.

GFL has been the subject of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of GFL Environmental in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a report on Friday. Scotiabank set a $58.00 target price on shares of GFL Environmental in a report on Friday, October 10th. Citigroup increased their target price on shares of GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Finally, William Blair started coverage on shares of GFL Environmental in a research note on Thursday, September 25th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $57.97.

Read Our Latest Report on GFL Environmental

GFL Environmental Price Performance

GFL Environmental stock traded up $0.76 during trading on Monday, reaching $43.72. The company had a trading volume of 998,797 shares, compared to its average volume of 1,570,794. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.67 and a current ratio of 0.69. The firm’s 50-day simple moving average is $46.09 and its 200 day simple moving average is $48.23. The firm has a market capitalization of $15.89 billion, a PE ratio of 6.83 and a beta of 1.14. GFL Environmental has a 1-year low of $41.29 and a 1-year high of $52.00.

GFL Environmental (NYSE:GFL – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of GFL Environmental

Institutional investors have recently added to or reduced their stakes in the stock. Berbice Capital Management LLC acquired a new position in GFL Environmental during the second quarter worth $25,000. Millstone Evans Group LLC lifted its stake in GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after acquiring an additional 334 shares in the last quarter. LRI Investments LLC purchased a new position in GFL Environmental during the 1st quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its position in GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after acquiring an additional 219 shares in the last quarter. Finally, Compass Financial Services Inc increased its stake in GFL Environmental by 63.0% during the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after purchasing an additional 317 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Company Profile

(Get Free Report)

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.

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