Brokerages Set GFL Environmental Inc. (NYSE:GFL) Price Target at $49.00

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have earned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $49.00.

Several research analysts recently commented on the company. Truist Financial increased their price objective on GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Raymond James increased their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Citigroup initiated coverage on shares of GFL Environmental in a research report on Monday, January 27th. They set a "buy" rating and a $53.00 price target on the stock. Scotiabank cut their price objective on shares of GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating for the company in a report on Monday, January 27th. Finally, UBS Group boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded up $0.42 during mid-day trading on Friday, reaching $46.37. 1,556,786 shares of the stock traded hands, compared to its average volume of 1,901,492. The stock has a market capitalization of $18.24 billion, a PE ratio of -34.86 and a beta of 1.17. The business has a 50-day moving average of $44.39 and a 200 day moving average of $42.52. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio is presently -4.51%.

Hedge Funds Weigh In On GFL Environmental

Hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in GFL Environmental in the second quarter valued at about $220,000. Creative Planning grew its stake in shares of GFL Environmental by 125.4% in the second quarter. Creative Planning now owns 14,934 shares of the company's stock valued at $581,000 after buying an additional 8,309 shares in the last quarter. Truist Financial Corp raised its holdings 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 valued at $602,000 after buying an additional 268 shares during the period. Capital Insight Partners LLC lifted its stake in GFL Environmental by 3.7% during the 3rd quarter. Capital Insight Partners LLC now owns 36,962 shares of the company's stock worth $1,474,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Seven Grand Managers LLC purchased a new position in GFL Environmental during the 3rd quarter valued at about $1,994,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

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.