GFL Environmental (NYSE:GFL) Stock Price Expected to Rise, UBS Group Analyst Says

GFL Environmental (NYSE:GFL) had its price target increased by stock analysts at UBS Group from $47.00 to $50.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 12.16% from the stock’s previous close.

GFL has been the topic of several other research reports. Raymond James boosted their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Scotiabank began coverage on shares of GFL Environmental in a research note on Friday, October 4th. They issued a “sector outperform” rating and a $50.00 price target on the stock. Finally, Royal Bank of Canada increased their price target on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.22.

GFL Environmental Price Performance

GFL Environmental stock traded up $0.98 during mid-day trading on Thursday, reaching $44.58. 636,050 shares of the company’s stock traded hands, compared to its average volume of 1,217,178. GFL Environmental has a 12-month low of $26.87 and a 12-month high of $45.22. The company has a market cap of $16.79 billion, a price-to-earnings ratio of -29.81 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock has a 50 day moving average of $40.71 and a two-hundred day moving average of $38.18.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. Equities analysts forecast that GFL Environmental will post 0.61 earnings per share for the current year.

Institutional Trading of GFL Environmental

Several institutional investors have recently modified their holdings of GFL. Janney Montgomery Scott LLC lifted its holdings in shares of GFL Environmental by 143.9% in the first quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock valued at $608,000 after buying an additional 10,400 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of GFL Environmental during the first quarter valued at $69,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of GFL Environmental by 13.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,795 shares of the company’s stock valued at $234,000 after purchasing an additional 780 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of GFL Environmental during the first quarter valued at $3,081,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of GFL Environmental during the first quarter valued at $459,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

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.