GFL Environmental (NYSE:GFL) receives new price target of C$51.00 at TD Securities

GFL Environmental (NYSE: GFL – Get an Assessment) saw its price target lowered by equity analysts at TD Securities from C$55.00 to C$51.00 in a report on Monday, reports The Fly.

Several other stock analysts have also recently released reports on the company. Zacks Investment Research upgraded GFL Environmental from a “Strong Buy” rating to a “Hold” rating in a Monday, January 17 research report. CIBC lowered its price target on GFL Environmental from CA$58.00 to CA$56.00 in a Friday, February 11 research report. Atb Cap Markets reaffirmed an “outperform” rating on GFL Environmental shares in a Thursday, March 31 research report. National Bank Financial lowered its price target on GFL Environmental from CA$55.00 to CA$53.00 in a Friday, April 22 research report. Finally, JPMorgan Chase & Co. launched coverage on GFL Environmental in a Tuesday, March 1 report. They set an “overweight” rating and a price target of $41.00 on the stock. Two equity research analysts gave the stock a hold rating and nine gave the company a buy rating. Based on data from MarketBeat, GFL Environmental currently has a consensus buy rating and an average price target of $44.95.

Shares of GFL Environmental traded down $1.34 at midday Monday, hitting $28.25. The company had a trading volume of 145,002 shares, compared to an average volume of 1,438,399. The company has a leverage ratio of 1.42, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $9.42 billion, a P/E ratio of -39.12 and a beta of 1.31. The company has a 50-day moving average of $30.79 and a 200-day moving average of $34.09. GFL Environmental has a 52 week low of $25.91 and a 52 week high of $43.71.

GFL Environmental (NYSE:GFL – Get Rating) last released its quarterly results on Wednesday, February 9. The company reported earnings per share of $0.06 for the quarter, beating the consensus estimate of $0.01 by $0.05. The company posted revenue of $1.23 billion for the quarter, versus a consensus estimate of $1.13 billion. GFL Environmental posted a positive return on equity of 2.93% and a negative net margin of 4.68%. Equity research analysts expect GFL Environmental to post EPS of 0.16 for the current year.

Institutional investors have recently changed their positions in the stock. Dimensional Fund Advisors LP increased its stake in GFL Environmental by 16.9% in the third quarter. Dimensional Fund Advisors LP now owns 32,577 shares of the company worth $1,210,000 after purchasing an additional 4,700 shares during the period. Schwartz Investment Counsel Inc. increased its stake in GFL Environmental by 40.4% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 182,896 shares of the company worth $6,923,000 after purchasing an additional 52,625 shares during the period. Franklin Resources Inc. increased its stake in GFL Environmental by 338.2% in the third quarter. Franklin Resources Inc. now owns 74,356 shares of the company worth $2,762,000 after purchasing an additional 57,388 shares during the period. Intact Investment Management Inc. acquired a new position in GFL Environmental in Q3 for a value of $17,464,000. Finally, Pinnacle Associates Ltd. increased its stake in GFL Environmental by 71.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 10,130 shares of the company worth $383,000 after purchasing an additional 4,235 shares during the period. 71.01% of the shares are currently held by institutional investors.

GFL Environmental Company Profile (Get a rating)

GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business segment includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste for municipal, residential, commercial and industrial customers.

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