GFL Environmental (TSE:GFL) Price Target Raised to C$48.00

GFL Environmental (TSE:GFLGet Rating) had its price target raised by ATB Capital to C$48.00 in a report released on Tuesday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. ATB Capital’s price target indicates a potential upside of 19.58% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on GFL. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a research report on Tuesday, March 1st. They set a “buy” rating and a C$41.00 price objective for the company. Atb Cap Markets reiterated an “outperform” rating on shares of GFL Environmental in a research report on Thursday, March 31st. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$53.19.

TSE GFL traded up C$0.82 on Tuesday, hitting C$40.14. The company’s stock had a trading volume of 74,080 shares, compared to its average volume of 357,548. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 145.23. GFL Environmental has a 1-year low of C$33.25 and a 1-year high of C$54.01. The company’s 50-day moving average is C$38.54 and its 200 day moving average is C$43.86. The firm has a market cap of C$13.58 billion and a PE ratio of -21.93.

GFL Environmental (TSE:GFLGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.05. The business had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$1.43 billion. On average, equities analysts expect that GFL Environmental will post 0.87 EPS for the current year.

About GFL Environmental (Get 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 line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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