GFL Environmental (NYSE:GFL) PT Set at $51.00 by Citigroup

GFL Environmental (NYSE:GFL) received a $51.00 price objective from investment analysts at Citigroup in a report issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 18.75% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Barclays initiated coverage on GFL Environmental in a report on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 target price on the stock. TD Cowen reaffirmed a “buy” rating and issued a $65.00 price objective on shares of GFL Environmental in a research note on Friday, September 11th. Scotiabank reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Wednesday, September 2nd. Wolfe Research started coverage on GFL Environmental in a research report on Tuesday, September 15th. They set an “outperform” rating and a $77.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, GFL Environmental has a consensus rating of “Moderate Buy” and a consensus price target of $57.67.

GFL Environmental Stock Performance

Shares of NYSE:GFL traded up $0.20 during midday trading on Wednesday, hitting $42.95. The company had a trading volume of 2,331,029 shares, compared to its average volume of 2,439,342. GFL Environmental has a 12-month low of $33.33 and a 12-month high of $47.01. The company has a market cap of $15.50 billion, a price-to-earnings ratio of -81.01, a PEG ratio of 3.12 and a beta of 0.72. The company has a fifty day moving average of $41.97 and a two-hundred day moving average of $39.68. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.75 and a quick ratio of 0.75.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.33 billion. GFL Environmental had a positive return on equity of 4.14% and a negative net margin of 3.28%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. On average, equities research analysts expect that GFL Environmental will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in GFL Environmental by 43.8% in the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock worth $77,064,000 after purchasing an additional 563,001 shares during the last quarter. Verbena Value LP boosted its position in shares of GFL Environmental by 44.7% during the first quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock valued at $50,527,000 after buying an additional 374,000 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of GFL Environmental by 68.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock valued at $48,309,000 after buying an additional 471,935 shares during the last quarter. Advent International L.P. grew its stake in shares of GFL Environmental by 117.1% during the first quarter. Advent International L.P. now owns 823,010 shares of the company’s stock valued at $34,336,000 after buying an additional 443,918 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of GFL Environmental by 26.0% during the first quarter. Swiss National Bank now owns 815,500 shares of the company’s stock valued at $33,969,000 after buying an additional 168,200 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Company Profile

GFL Environmental Inc is a North American environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste.

GFL also provides recycling and organics management services, including the processing of recyclable materials and organic waste. Its environmental services include liquid waste management, soil remediation, infrastructure services and other specialized solutions for industrial and commercial customers.

Founded in 2007, GFL is headquartered in Vaughan, Ontario, and serves communities and customers across Canada and the United States.