GFL Environmental Inc. (NYSE:GFL) Receives $49.56 Consensus Target Price from Brokerages

GFL Environmental Inc. (NYSE:GFL) has earned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $49.78.

A number of research firms have recently commented on GFL. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Citigroup assumed coverage on shares of GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Finally, Scotiabank raised their price objective on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after buying an additional 306 shares during the period. Berbice Capital Management LLC purchased a new position in GFL Environmental during the fourth quarter valued at $27,000. Continuum Advisory LLC boosted its stake in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Natixis purchased a new position in shares of GFL Environmental during the fourth quarter valued at approximately $49,000. Finally, Avior Wealth Management LLC purchased a new position in GFL Environmental in the third quarter worth about $82,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.1 %

NYSE:GFL opened at $46.79 on Tuesday. GFL Environmental has a 1 year low of $30.57 and a 1 year high of $48.87. 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 fifty day moving average price of $44.63 and a two-hundred day moving average price of $43.41. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of -35.18 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.98 billion. As a group, sell-side analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s payout ratio is -3.23%.

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.