GFL Environmental (NYSE:GFL) Rating Lowered to Market Perform at BMO Capital Markets

GFL Environmental (NYSE:GFLGet Free Report) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They currently have a $42.00 price target on the stock, down from their previous price target of $43.00. BMO Capital Markets’ price objective would suggest a potential upside of 6.73% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada initiated coverage on GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 target price for the company. Jefferies Financial Group upped their target price on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, TD Cowen upped their target price on GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, GFL Environmental presently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

View Our Latest Stock Analysis on GFL

GFL Environmental Trading Up 0.1 %

Shares of NYSE GFL opened at $39.35 on Tuesday. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 61.44 and a beta of 1.16. The business has a 50 day simple moving average of $35.13 and a 200 day simple moving average of $34.59. GFL Environmental has a 52 week low of $26.87 and a 52 week high of $40.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of GFL Environmental by 16.6% in the fourth 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 acquired a new position in shares of GFL Environmental in the fourth quarter valued at $15,232,000. Harbert Fund Advisors Inc. acquired a new position in shares of GFL Environmental in the fourth quarter valued at $1,329,000. Vanguard Group Inc. raised its stake in shares of GFL Environmental by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 7,231,470 shares of the company’s stock valued at $249,558,000 after purchasing an additional 77,156 shares in the last quarter. Finally, Barton Investment Management raised its stake in shares of GFL Environmental by 13.6% in the fourth quarter. Barton Investment Management now owns 391,949 shares of the company’s stock valued at $13,526,000 after purchasing an additional 46,999 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

About GFL Environmental

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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.

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Analyst Recommendations for GFL Environmental (NYSE:GFL)

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