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Analysts Offer Insights on Industrial Goods Companies: GFL Environmental (GFL), QXO Inc (QXO) and ESAB Corporation (ESAB)

Tipranks - Tipranks - Wed Jul 8, 7:02AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on GFL Environmental (GFL), QXO Inc (QXO) and ESAB Corporation (ESAB) with bullish sentiments.

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GFL Environmental (GFL)

Truist Financial analyst Tobey Sommer maintained a Buy rating on GFL Environmental today. The company’s shares closed last Monday at $40.49.

According to TipRanks.com, Sommer is a 4-star analyst with an average return of 5.3% and a 55.1% success rate. Sommer covers the Industrial Goods sector, focusing on stocks such as Republic Services, Waste Connections, and Icf International. ;'>

GFL Environmental has an analyst consensus of Moderate Buy, with a price target consensus of $52.19, implying a 31.2% upside from current levels. In a report issued on June 26, ATB Cormark Capital Markets also resumed coverage with a Buy rating on the stock with a C$87.00 price target.

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QXO Inc (QXO)

In a report released today, Keith Hughes from Truist Financial maintained a Buy rating on QXO Inc. The company’s shares closed last Monday at $15.81, close to its 52-week low of $10.61.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 18.7% and a 63.6% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, SiteOne Landscape Supply, and Construction Partners. ;'>

Currently, the analyst consensus on QXO Inc is a Strong Buy with an average price target of $29.43, which is an 81.8% upside from current levels. In a report issued on June 23, Citi also maintained a Buy rating on the stock with a $28.00 price target.

ESAB Corporation (ESAB)

In a report released today, Thomas Hayes from Roth MKM maintained a Buy rating on ESAB Corporation, with a price target of $151.00. The company’s shares closed last Monday at $97.04.

According to TipRanks.com, Hayes is a 1-star analyst with an average return of -0.2% and a 42.3% success rate. Hayes covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Enerpac Tool Group, and SKYX Platforms. ;'>

Currently, the analyst consensus on ESAB Corporation is a Strong Buy with an average price target of $139.40, which is a 49.0% upside from current levels. In a report issued on July 3, TipRanks – Google also upgraded the stock to Buy with a $103.00 price target.

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