Analysts Set GFL Environmental Inc. (NYSE:GFL) Price Target at $54.89

GFL Environmental Inc. (NYSE:GFL) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $54.8889.

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered GFL Environmental from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Citigroup set a $51.00 price objective on GFL Environmental and gave the stock a “buy” rating in a research report on Monday, July 6th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of GFL Environmental in a report on Wednesday, May 13th. Scotiabank cut their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday.

Hedge Funds Weigh In On GFL Environmental

Several hedge funds have recently added to or reduced their stakes in GFL. EverSource Wealth Advisors LLC increased its stake in shares of GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 219 shares during the period. Advisory Services Network LLC lifted its stake in GFL Environmental by 4.1% in the third quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock worth $310,000 after acquiring an additional 256 shares during the period. Tobam lifted its stake in GFL Environmental by 10.5% in the fourth quarter. Tobam now owns 3,079 shares of the company’s stock worth $132,000 after acquiring an additional 293 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in GFL Environmental by 45.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after acquiring an additional 304 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in GFL Environmental by 6.8% in the second quarter. Engineers Gate Manager LP now owns 5,187 shares of the company’s stock valued at $262,000 after acquiring an additional 331 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Trading Down 0.3%

Shares of GFL Environmental stock opened at $39.45 on Friday. GFL Environmental has a 12-month low of $33.33 and a 12-month high of $51.51. The stock has a market capitalization of $14.15 billion, a P/E ratio of 123.27, a price-to-earnings-growth ratio of 2.98 and a beta of 0.70. The company has a 50-day simple moving average of $36.78 and a 200 day simple moving average of $40.28. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.32.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.GFL Environmental’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS. Research analysts expect that GFL Environmental will post 0.56 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 13th will be issued a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, July 13th. GFL Environmental’s payout ratio is currently 21.88%.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.