GFL Environmental (NYSE:GFL) Cut to Market Perform at BMO Capital Markets

GFL Environmental (NYSE:GFLGet Free Report) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $42.00 price target on the stock, down from their previous price target of $43.00. BMO Capital Markets’ price objective would suggest a potential upside of 9.15% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group raised their price objective on GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, March 18th. TD Cowen lifted their price target on GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Royal Bank of Canada started coverage on GFL Environmental in a research note on Monday, April 8th. They issued an “outperform” rating and a $46.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.08.

View Our Latest Analysis on GFL

GFL Environmental Stock Performance

Shares of NYSE GFL opened at $38.48 on Tuesday. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 61.44 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. GFL Environmental has a 1-year low of $26.87 and a 1-year high of $40.27. The stock’s 50-day moving average is $35.39 and its 200 day moving average is $34.65.

Institutional Investors Weigh In On GFL Environmental

A number of large investors have recently made changes to their positions in the business. Tobam bought a new stake in shares of GFL Environmental during the first quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in shares of GFL Environmental during the first quarter valued at approximately $39,000. Signaturefd LLC boosted its position in shares of GFL Environmental by 48.9% during the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its position in shares of GFL Environmental by 60.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock valued at $42,000 after purchasing an additional 454 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in shares of GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock valued at $44,000 after purchasing an additional 975 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for GFL Environmental (NYSE:GFL)

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