GFL Environmental (NYSE:GFL) PT Raised to $43.00 at TD Cowen

GFL Environmental (NYSE:GFL) had its target price raised by research analysts at TD Cowen from $42.00 to $43.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 28.59% from the company’s previous close.

A number of other brokerages have also weighed in on GFL. TheStreet upgraded GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. BMO Capital Markets raised their price objective on shares of GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Jefferies Financial Group upped their target price on shares of GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Bank of America downgraded GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research note on Friday, January 19th. Finally, Royal Bank of Canada began coverage on GFL Environmental in a report on Monday, April 8th. They issued an “outperform” rating and a $46.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

GFL Environmental Price Performance

GFL Environmental stock opened at $33.44 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $39.06. The firm has a 50 day moving average price of $34.12 and a 200 day moving average price of $32.77. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 51.22 and a beta of 1.15.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. GFL Environmental had a return on equity of 4.51% and a net margin of 1.25%. Sell-side analysts predict that GFL Environmental will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On GFL Environmental

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its holdings in GFL Environmental by 4.5% during the third quarter. Raymond James & Associates now owns 396,908 shares of the company’s stock worth $12,606,000 after acquiring an additional 17,048 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in GFL Environmental by 35.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,632 shares of the company’s stock valued at $401,000 after acquiring an additional 3,313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in GFL Environmental by 2.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,653 shares of the company’s stock valued at $1,265,000 after acquiring an additional 828 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of GFL Environmental by 0.6% during the 3rd quarter. Mackenzie Financial Corp now owns 183,174 shares of the company’s stock valued at $5,683,000 after buying an additional 1,171 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in GFL Environmental by 43.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,531 shares of the company’s stock worth $80,000 after purchasing an additional 762 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

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.