GFL Environmental (NYSE:GFL) Price Target Raised to $52.00 at Scotiabank

GFL Environmental (NYSE:GFL) had its target price raised by Scotiabank from $50.00 to $52.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

Other analysts have also recently issued reports about the company. Raymond James upped their price target on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Citigroup began coverage on GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Truist Financial upped their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.78.

GFL Environmental Stock Performance

Shares of NYSE:GFL opened at $47.55 on Wednesday. The stock has a market capitalization of $18.70 billion, a P/E ratio of -35.75 and a beta of 1.16. GFL Environmental has a 1-year low of $30.57 and a 1-year 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. The business has a 50-day moving average price of $44.50 and a two-hundred day moving average price of $43.30.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts predict that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is currently -3.23%.

Institutional Investors Weigh In On GFL Environmental

Several large investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. boosted its holdings in shares of GFL Environmental by 241.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company’s stock valued at $5,344,000 after buying an additional 84,851 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of GFL Environmental by 74.2% in the 4th quarter. Mackenzie Financial Corp now owns 231,348 shares of the company’s stock valued at $10,302,000 after buying an additional 98,539 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of GFL Environmental by 21.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company’s stock valued at $846,000 after buying an additional 3,295 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of GFL Environmental by 151.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,684 shares of the company’s stock valued at $19,806,000 after buying an additional 267,932 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of GFL Environmental by 42.2% in the 4th quarter. Squarepoint Ops LLC now owns 28,895 shares of the company’s stock valued at $1,287,000 after buying an additional 8,580 shares during 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.