Brokerages Set GFL Environmental Inc. (NYSE:GFL) PT at $49.56

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $49.78.

Several equities analysts have recently issued reports on GFL shares. Citigroup assumed coverage on GFL Environmental in a report on Monday, January 27th. They issued a "buy" rating and a $53.00 target price for the company. UBS Group increased their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Scotiabank lifted their price objective on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research report on Wednesday. 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th.

GFL Environmental Stock Down 0.3 %

Shares of GFL stock traded down $0.16 during trading hours on Tuesday, reaching $46.24. The company had a trading volume of 1,103,641 shares, compared to its average volume of 1,906,820. The company has a market cap of $18.19 billion, a price-to-earnings ratio of -34.69 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $48.87. The business has a fifty day simple moving average of $44.53 and a 200-day simple moving average of $43.32.

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GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. On average, research analysts expect that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental's dividend payout ratio (DPR) is presently -3.23%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GFL. Blue Trust Inc. lifted its holdings in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after buying an additional 306 shares in the last quarter. Berbice Capital Management LLC bought a new stake in GFL Environmental during the 4th quarter worth approximately $27,000. Continuum Advisory LLC lifted its stake in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Natixis bought a new position in GFL Environmental in the 4th quarter valued at $49,000. Finally, Avior Wealth Management LLC purchased a new position in shares of GFL Environmental during the 3rd quarter valued at $82,000. Institutional investors 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.