Analysts Set GFL Environmental Inc. (NYSE:GFL) PT at $45.80

GFL Environmental Inc. (NYSE:GFL) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $45.80.

Several brokerages recently issued reports on GFL. Royal Bank of Canada raised their target price on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Scotiabank raised their price objective on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. UBS Group lifted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Raymond James raised their price target on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

GFL Environmental Stock Down 0.4 %

NYSE:GFL opened at $46.60 on Friday. GFL Environmental has a twelve month low of $26.87 and a twelve month high of $47.11. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of -35.04 and a beta of 1.15. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $41.91 and its two-hundred day moving average price is $39.49.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Equities research analysts expect that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is presently -4.51%.

Institutional Investors Weigh In On GFL Environmental

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC boosted its holdings in shares of GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after acquiring an additional 254 shares in the last quarter. Cape Investment Advisory Inc. grew its holdings in shares of GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock worth $44,000 after purchasing an additional 975 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in shares of GFL Environmental in the third quarter valued at approximately $60,000. Finally, Tobam raised its holdings in GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after buying an additional 1,020 shares during the last quarter. 64.70% of the stock is owned by 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.