Analysts Set GFL Environmental Inc. (NYSE:GFL) PT at $45.80

Shares of GFL Environmental Inc. (NYSE:GFL) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.80.

Several brokerages have recently commented on GFL. Raymond James boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial boosted their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. UBS Group upped their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Scotiabank lifted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th.

Institutional Trading of GFL Environmental

Several hedge funds have recently made changes to their positions in the business. Seven Grand Managers LLC bought a new stake in GFL Environmental during the third quarter worth approximately $1,994,000. Harbor Capital Advisors Inc. boosted its stake in GFL Environmental by 115.3% during the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company’s stock worth $1,977,000 after buying an additional 26,542 shares during the period. FMR LLC increased its position in GFL Environmental by 7.4% during the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of GFL Environmental by 2.2% in the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company’s stock valued at $36,745,000 after acquiring an additional 19,675 shares during the period. Finally, Forsta AP Fonden bought a new stake in shares of GFL Environmental in the 3rd quarter worth about $1,761,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.4 %

Shares of NYSE:GFL opened at $44.72 on Thursday. The stock has a 50 day moving average of $44.04 and a 200 day moving average of $41.20. The company has a market cap of $17.59 billion, a PE ratio of -33.62 and a beta of 1.16. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $48.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, equities research analysts expect that GFL Environmental will post 0.59 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a $0.014 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental’s payout ratio is currently -3.76%.

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.