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GFL Environmental (NYSE:GFL) Sets New 52-Week High - Should You Buy?

GFL Environmental logo with Business Services background

GFL Environmental Inc. (NYSE:GFL - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $47.16 and last traded at $47.10, with a volume of 529165 shares. The stock had previously closed at $46.26.

Analysts Set New Price Targets

Several brokerages have weighed in on GFL. Raymond James upped their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Scotiabank raised their target price on shares of 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 upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Truist Financial lifted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, GFL Environmental presently has a consensus rating of "Moderate Buy" and an average target price of $45.80.

Check Out Our Latest Report on GFL Environmental

GFL Environmental Stock Up 1.8 %

The company's fifty day simple moving average is $42.34 and its 200-day simple moving average is $39.75. The firm has a market capitalization of $18.53 billion, a PE ratio of -35.41 and a beta of 1.15. 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 (NYSE:GFL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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, analysts forecast that GFL Environmental Inc. will post 0.59 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is currently -4.51%.

Institutional Trading of GFL Environmental

Several large investors have recently bought and sold shares of GFL. Tidal Investments LLC raised its stake in GFL Environmental by 6.3% in the 3rd quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock worth $832,000 after acquiring an additional 1,238 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of GFL Environmental in the third quarter valued at about $174,000. TCW Group Inc. raised its stake in shares of GFL Environmental by 24.6% in the third quarter. TCW Group Inc. now owns 21,598 shares of the company's stock worth $861,000 after purchasing an additional 4,270 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of GFL Environmental by 20.1% during the third quarter. Toronto Dominion Bank now owns 104,578 shares of the company's stock worth $4,171,000 after purchasing an additional 17,493 shares during the period. Finally, Geode Capital Management LLC boosted its position in GFL Environmental by 7.7% in the third quarter. Geode Capital Management LLC now owns 918,706 shares of the company's stock valued at $36,296,000 after buying an additional 65,449 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

About GFL Environmental

(Get Free Report)

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.

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