GFL Environmental (NYSE:GFL) Price Target Raised to $57.00 at UBS Group

GFL Environmental (NYSE:GFL) had its price objective increased by UBS Group from $50.00 to $57.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

GFL has been the topic of a number of other reports. Citigroup increased their price target on GFL Environmental from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank increased their target price on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 5th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. Finally, Truist Financial boosted their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.38.

GFL Environmental Stock Down 7.0 %

Shares of NYSE GFL opened at $44.76 on Friday. The business has a fifty day moving average of $46.15 and a two-hundred day moving average of $44.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental has a 52-week low of $30.57 and a 52-week high of $49.35. The stock has a market cap of $17.61 billion, a PE ratio of -33.65 and a beta of 1.09.

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

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be paid a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.14%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is -3.23%.

Hedge Funds Weigh In On GFL Environmental

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Generate Investment Management Ltd acquired a new position in shares of GFL Environmental in the 4th quarter valued at $15,041,000. Tobam acquired a new position in GFL Environmental in the fourth quarter valued at about $1,846,000. Duff & Phelps Investment Management Co. boosted its holdings in GFL Environmental by 14.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 310,918 shares of the company’s stock worth $12,399,000 after buying an additional 39,558 shares during the last quarter. National Bank of Canada FI grew its position in shares of GFL Environmental by 16.9% during the 3rd quarter. National Bank of Canada FI now owns 214,007 shares of the company’s stock worth $8,536,000 after buying an additional 31,003 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in shares of GFL Environmental by 9.9% in the 4th quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company’s stock valued at $354,000 after acquiring an additional 718 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

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.