Analysts Set GFL Environmental Inc. (NYSE:GFL) Price Target at $45.80

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $45.80.

A number of equities analysts recently commented on the company. Raymond James lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Scotiabank lifted their target price on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. UBS Group lifted their target price on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Truist Financial lifted their target price on GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 8th.

GFL Environmental Price Performance

Shares of NYSE:GFL traded down $0.26 during trading on Monday, reaching $43.94. The stock had a trading volume of 189,727 shares, compared to its average volume of 1,540,881. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The business has a fifty day moving average price of $45.04 and a 200-day moving average price of $41.90. The stock has a market cap of $17.29 billion, a PE ratio of -33.04 and a beta of 1.17. GFL Environmental has a 1-year low of $30.57 and a 1-year high of $48.87.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts forecast that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be paid a dividend of $0.014 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental's payout ratio is -3.76%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GFL. Fred Alger Management LLC grew its stake in GFL Environmental by 64.3% during the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock worth $407,619,000 after purchasing an additional 3,999,363 shares in the last quarter. Soros Fund Management LLC lifted its holdings in shares of GFL Environmental by 487.0% in the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company's stock valued at $125,874,000 after purchasing an additional 2,618,589 shares during the last quarter. FMR LLC lifted its holdings in shares of GFL Environmental by 7.4% in the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company's stock valued at $1,003,591,000 after purchasing an additional 1,728,598 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock valued at $219,922,000 after purchasing an additional 1,614,182 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in GFL Environmental by 162.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company's stock valued at $50,694,000 after acquiring an additional 786,044 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

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.