GFL Environmental (NYSE:GFL) Price Target Raised to $50.00

GFL Environmental (NYSE:GFL) had its price target lifted by Raymond James from $47.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Scotiabank raised their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.80.

GFL Environmental Trading Down 2.0 %

NYSE GFL opened at $44.24 on Friday. GFL Environmental has a one year low of $26.87 and a one year high of $46.48. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.58. The company has a 50-day simple moving average of $40.84 and a 200-day simple moving average of $38.51. The firm has a market capitalization of $16.66 billion, a PE ratio of -33.26 and a beta of 1.15.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts forecast that GFL Environmental will post 0.6 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s dividend payout ratio (DPR) is -4.51%.

Institutional Trading of GFL Environmental

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in GFL Environmental during the first quarter worth about $39,000. Cape Investment Advisory Inc. boosted its holdings in GFL Environmental by 325.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock valued at $44,000 after purchasing an additional 975 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after purchasing an additional 459 shares during the period. Spartan Fund Management Inc. purchased a new position in GFL Environmental during the 3rd quarter valued at about $60,000. Finally, Tobam lifted its stake in GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after buying an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

About GFL Environmental

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.