GFL Environmental Inc. (TSE:GFL) Receives C$53.58 Consensus Price Target from Analysts

GFL Environmental Inc. (TSE:GFLGet Rating) has earned a consensus rating of “Buy” from the eight analysts that are covering the firm, reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$53.58.

GFL has been the topic of several recent research reports. Atb Cap Markets reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Thursday, March 31st. TD Securities reiterated a “buy” rating and set a C$56.00 target price on shares of GFL Environmental in a research report on Monday, December 20th. Finally, JPMorgan Chase & Co. started coverage on GFL Environmental in a research report on Tuesday, March 1st. They set a “buy” rating and a C$41.00 target price for the company.

Shares of TSE GFL traded up C$0.15 during trading on Monday, hitting C$41.09. The company had a trading volume of 261,622 shares, compared to its average volume of 363,856. The stock has a 50 day simple moving average of C$38.37 and a 200 day simple moving average of C$44.33. The company has a debt-to-equity ratio of 145.23, a quick ratio of 0.87 and a current ratio of 0.98. GFL Environmental has a 12 month low of C$33.25 and a 12 month high of C$54.01. The firm has a market capitalization of C$13.43 billion and a P/E ratio of -22.37.

GFL Environmental (TSE:GFLGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.05. The company had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$1.43 billion. As a group, analysts predict that GFL Environmental will post 0.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 18th will be given a dividend of $0.015 per share. The ex-dividend date is Thursday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.15%. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is currently -2.93%.

About GFL Environmental (Get Rating)

GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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