GFL Environmental Inc. (NYSE:GFL) Receives $42.83 Average PT from Brokerages

Shares of GFL Environmental Inc. (NYSE:GFL) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $42.83.

A number of equities research analysts have recently commented on the company. Jefferies Financial Group raised their price target on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. TheStreet raised GFL Environmental from a “d+” rating to a “c” rating in a research report on Tuesday, February 20th. Bank of America lowered GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Friday, January 19th. Royal Bank of Canada initiated coverage on GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target on the stock. Finally, UBS Group initiated coverage on GFL Environmental in a research report on Wednesday, January 31st. They issued a “buy” rating and a $44.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in shares of GFL Environmental by 48.9% during the 4th quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock worth $41,000 after acquiring an additional 387 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of GFL Environmental by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 20,228 shares of the company’s stock worth $647,000 after buying an additional 404 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of GFL Environmental by 70.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,060 shares of the company’s stock worth $41,000 after buying an additional 437 shares in the last quarter. Oliver Lagore Vanvalin Investment Group increased its holdings in GFL Environmental by 60.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock worth $42,000 after purchasing an additional 454 shares in the last quarter. Finally, UBS Group AG increased its holdings in GFL Environmental by 9.7% in the 2nd quarter. UBS Group AG now owns 5,846 shares of the company’s stock worth $151,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Price Performance

Shares of GFL opened at $33.15 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $39.06. The stock has a market cap of $12.30 billion, a P/E ratio of -331.45 and a beta of 1.13. The stock’s 50-day moving average price is $34.86 and its two-hundred day moving average price is $32.66.

GFL Environmental (NYSE:GFL) last issued its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%. On average, equities analysts predict that GFL Environmental will post 0.82 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.014 per share. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.17%. GFL Environmental’s payout ratio is -60.00%.

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.