GFL Environmental Inc. (NYSE:GFL) Receives $45.80 Consensus PT from Analysts

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.00.

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

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $41.85 on Monday. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $48.87. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of -31.46 and a beta of 1.17. The business’s 50 day simple moving average is $44.99 and its 200-day simple moving average is $42.03. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, equities analysts forecast that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is -4.51%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GFL. Continuum Advisory LLC raised its stake in GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares during the period. Truist Financial Corp raised its position in shares of GFL Environmental by 1.8% in the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after buying an additional 268 shares during the period. Signaturefd LLC boosted its holdings in GFL Environmental by 30.7% in the third quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock valued at $112,000 after acquiring an additional 659 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in GFL Environmental by 3.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock valued at $838,000 after acquiring an additional 664 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in GFL Environmental by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company’s stock worth $1,769,000 after acquiring an additional 848 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

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.