GFL Environmental (NYSE:GFL) Price Target Raised to $61.00

GFL Environmental (NYSE:GFL) had its target price lifted by Citigroup from $58.00 to $61.00 in a research report released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Scotiabank upped their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, August 1st. National Bank Financial raised shares of GFL Environmental to a “strong-buy” rating in a report on Monday, May 26th. Royal Bank Of Canada upped their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Truist Financial increased their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They issued a “neutral” rating and a $54.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $58.75.

GFL Environmental Trading Up 0.7%

Shares of GFL Environmental stock opened at $46.45 on Wednesday. The company has a market capitalization of $16.88 billion, a P/E ratio of 7.31 and a beta of 1.11. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day moving average of $48.80 and a 200 day moving average of $48.65. GFL Environmental has a fifty-two week low of $38.78 and a fifty-two week high of $52.00.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. GFL Environmental’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were issued a $0.0154 dividend. The ex-dividend date of this dividend was Monday, July 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s payout ratio is presently 0.94%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFL. BNP Paribas Financial Markets purchased a new stake in shares of GFL Environmental during the fourth quarter worth about $128,000. Nuveen Asset Management LLC increased its stake in shares of GFL Environmental by 32.5% during the fourth quarter. Nuveen Asset Management LLC now owns 489,476 shares of the company’s stock worth $21,805,000 after purchasing an additional 119,994 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of GFL Environmental by 8.6% during the fourth quarter. Quantinno Capital Management LP now owns 24,374 shares of the company’s stock worth $1,086,000 after purchasing an additional 1,921 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of GFL Environmental by 10.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 17,268 shares of the company’s stock worth $769,000 after purchasing an additional 1,601 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of GFL Environmental by 42.2% during the fourth quarter. Squarepoint Ops LLC now owns 28,895 shares of the company’s stock worth $1,287,000 after purchasing an additional 8,580 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

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.