Scotiabank Has Lowered Expectations for GFL Environmental (NYSE:GFL) Stock Price

GFL Environmental (NYSE:GFLGet Free Report) had its price objective decreased by equities research analysts at Scotiabank from $51.00 to $50.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 15.83% from the company’s previous close.

Several other research analysts also recently issued reports on GFL. Raymond James lifted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Truist Financial lifted their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup started coverage on shares of GFL Environmental in a research report on Monday. They issued a “buy” rating and a $53.00 price target on the stock. Finally, UBS Group raised their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

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GFL Environmental Stock Up 0.1 %

GFL stock opened at $43.17 on Monday. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.98 billion, a P/E ratio of -32.45 and a beta of 1.17. The company’s 50-day moving average price is $44.73 and its 200 day moving average price is $42.19.

GFL Environmental (NYSE:GFLGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, research analysts expect that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of GFL Environmental

Several large investors have recently added to or reduced their stakes in GFL. Generate Investment Management Ltd bought a new stake in shares of GFL Environmental during the 4th quarter worth about $15,041,000. Tobam acquired a new position in shares of GFL Environmental during the fourth quarter valued at approximately $1,846,000. Bleakley Financial Group LLC raised its holdings in GFL Environmental by 9.9% during the fourth quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company’s stock worth $354,000 after purchasing an additional 718 shares in the last quarter. Barton Investment Management lifted its position in GFL Environmental by 0.7% in the fourth quarter. Barton Investment Management now owns 414,598 shares of the company’s stock worth $18,466,000 after purchasing an additional 2,864 shares during the period. Finally, Jennison Associates LLC boosted its stake in GFL Environmental by 7.0% during the 4th quarter. Jennison Associates LLC now owns 1,544,690 shares of the company’s stock valued at $68,800,000 after purchasing an additional 101,695 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

About GFL Environmental

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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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Analyst Recommendations for GFL Environmental (NYSE:GFL)

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