Analysts Set GFL Environmental Inc. (NYSE:GFL) Price Target at $52.00

GFL Environmental Inc. (NYSE:GFL) has received an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned 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 $52.00.

GFL has been the subject of several recent research reports. UBS Group lifted their price objective on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Scotiabank upped their price target on shares of GFL Environmental from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, April 8th. Citigroup dropped their price target on GFL Environmental from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial lifted their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd.

Institutional Trading of GFL Environmental

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of GFL Environmental by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 192,306 shares of the company’s stock worth $9,290,000 after buying an additional 4,981 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of GFL Environmental by 2.6% in the first quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company’s stock valued at $834,000 after purchasing an additional 436 shares in the last quarter. Acuitas Investments LLC acquired a new stake in shares of GFL Environmental in the first quarter valued at approximately $2,044,000. Colonial River Investments LLC purchased a new position in shares of GFL Environmental during the 1st quarter worth approximately $1,608,000. Finally, NRI Wealth Management LC acquired a new position in shares of GFL Environmental during the 1st quarter worth approximately $2,623,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Price Performance

NYSE:GFL opened at $49.91 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day moving average price of $47.07 and a 200 day moving average price of $45.18. GFL Environmental has a one year low of $30.57 and a one year high of $49.91. The stock has a market cap of $19.63 billion, a PE ratio of -37.53 and a beta of 1.09.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. Equities research analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s payout ratio is currently -3.87%.

GFL Environmental Company Profile

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.