Truist Financial analyst Tobey Sommer maintained a Buy rating on GFL Environmental (GFL – Research Report) on January 2 and set a price target of $46.00. The company’s shares closed yesterday at $32.57.
Sommer covers the Industrials sector, focusing on stocks such as FTI Consulting, KBR, and GFL Environmental. According to TipRanks, Sommer has an average return of 13.0% and a 66.94% success rate on recommended stocks.
GFL Environmental has an analyst consensus of Strong Buy, with a price target consensus of $39.68, a 21.83% upside from current levels. In a report released on December 19, CIBC also maintained a Buy rating on the stock with a C$57.00 price target.
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Based on GFL Environmental’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.91 billion and a net profit of $22.1 million. In comparison, last year the company earned a revenue of $1.83 billion and had a GAAP net loss of $183.5 million
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GFL in relation to earlier this year.
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GFL Environmental (GFL) Company Description:
GFL Environmental Holdings Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, 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. Its infrastructure and soil remediation business line provide remediation of contaminated soils as well as complementary services, including civil, demolition, excavation and shoring services.
Read More on GFL:
- GFL Environmental named a best idea for 2024 at TD Cowen
- GFL Environmental price target lowered to C$52 from C$54 at National Bank
- GFL Environmental provided update on its FY24 capital allocation strategy
- GFL Environmental initiated with an Equal Weight at Wells Fargo
- BGL Announces the Sale of Fielding Environmental to GFL Environmental Inc.
