Brokerages Set GFL Environmental Inc. (NYSE:GFL) PT at $56.56

Shares of GFL Environmental Inc. (NYSE:GFL) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $56.5556.

Several research firms have recently weighed in on GFL. Stifel Nicolaus assumed coverage on shares of GFL Environmental in a research note on Tuesday, September 30th. They issued a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. UBS Group increased their target price on GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Raymond James Financial set a $57.00 price target on GFL Environmental and gave the company an “outperform” rating in a research report on Monday, October 6th.

GFL Environmental Stock Down 0.5%

Shares of NYSE GFL opened at $44.43 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $15.95 billion, a PE ratio of 6.96 and a beta of 0.88. GFL Environmental has a one year low of $40.83 and a one year high of $52.00. The business’s fifty day moving average price is $43.87 and its 200-day moving average price is $46.03.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. On average, equities research analysts anticipate that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be paid a $0.0154 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is currently 0.94%.

Hedge Funds Weigh In On GFL Environmental

A number of large investors have recently modified their holdings of the company. Munro Partners purchased a new position in shares of GFL Environmental during the 2nd quarter valued at $12,926,000. Generate Investment Management Ltd bought a new stake in GFL Environmental during the third quarter valued at $7,891,000. JPMorgan Chase & Co. boosted its stake in GFL Environmental by 11.8% during the second quarter. JPMorgan Chase & Co. now owns 994,849 shares of the company’s stock valued at $50,200,000 after buying an additional 105,186 shares during the period. Intech Investment Management LLC purchased a new position in GFL Environmental during the second quarter worth about $457,000. Finally, S&CO Inc. increased its stake in GFL Environmental by 86.6% in the 2nd quarter. S&CO Inc. now owns 114,260 shares of the company’s stock worth $5,765,000 after acquiring an additional 53,030 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.