TD Cowen Increases GFL Environmental (NYSE:GFL) Price Target to $43.00

GFL Environmental (NYSE:GFL) had its target price increased 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 currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 29.91% from the company’s previous close.

A number of other research firms also recently issued reports on GFL. Royal Bank of Canada began coverage on shares of GFL Environmental in a research note on Monday, April 8th. They set an “outperform” rating and a $46.00 price target on the stock. UBS Group started coverage on GFL Environmental in a research report on Wednesday, January 31st. They set a “buy” rating and a $44.00 target price on the stock. TheStreet raised shares of GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. Jefferies Financial Group raised their target price on shares of GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Wells Fargo & Company increased their price objective on shares of GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average target price of $43.08.

GFL Environmental Price Performance

GFL traded up $0.32 during trading on Monday, hitting $33.10. 728,989 shares of the company traded hands, compared to its average volume of 1,154,297. The stock’s 50-day simple moving average is $34.20 and its two-hundred day simple moving average is $32.75. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $39.06. The company has a market cap of $12.29 billion, a PE ratio of 51.22 and a beta of 1.15. 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 (NYSE:GFL) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). GFL Environmental had a return on equity of 4.51% and a net margin of 1.25%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. As a group, sell-side analysts anticipate that GFL Environmental will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of GFL Environmental

A number of hedge funds have recently added to or reduced their stakes in GFL. Nordea Investment Management AB raised its holdings in shares of GFL Environmental by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock valued at $256,259,000 after purchasing an additional 1,053,530 shares in the last quarter. Compound Global Advisors LLC purchased a new stake in GFL Environmental during the fourth quarter worth $15,232,000. Barton Investment Management boosted its position in GFL Environmental by 13.6% during the 4th quarter. Barton Investment Management now owns 391,949 shares of the company’s stock valued at $13,526,000 after acquiring an additional 46,999 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in GFL Environmental by 37.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 426,897 shares of the company’s stock valued at $14,732,000 after acquiring an additional 116,897 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of GFL Environmental by 59.6% in the 3rd quarter. Sei Investments Co. now owns 619,481 shares of the company’s stock valued at $19,675,000 after acquiring an additional 231,264 shares during the period. 64.70% of the stock is owned by hedge funds and other 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.