GFL Environmental Inc. (NYSE:GFL) Receives $42.64 Average Price Target from Analysts

GFL Environmental Inc. (NYSE:GFL) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.64.

Several equities research analysts recently issued reports on GFL shares. Raymond James boosted their price objective on GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Royal Bank of Canada boosted their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets lowered shares of GFL Environmental from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $43.00 to $42.00 in a research note on Tuesday, July 9th.

Institutional Investors Weigh In On GFL Environmental

A number of large investors have recently modified their holdings of GFL. Tobam purchased a new stake in shares of GFL Environmental during the 1st quarter worth $25,000. Headlands Technologies LLC purchased a new stake in GFL Environmental during the 1st quarter worth about $39,000. Cape Investment Advisory Inc. boosted its position in shares of GFL Environmental by 325.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock worth $44,000 after acquiring an additional 975 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after acquiring an additional 459 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of GFL Environmental during the 1st quarter worth about $69,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Price Performance

GFL Environmental stock opened at $40.19 on Tuesday. The company’s 50 day simple moving average is $40.21 and its 200-day simple moving average is $36.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $43.79. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 39.02 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. As a group, equities research analysts expect that GFL Environmental will post 0.62 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were paid a $0.014 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. GFL Environmental’s dividend payout ratio is currently 4.85%.

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.