GFL Environmental (NYSE:GFL - Free Report) had its target price upped by Scotiabank from $50.00 to $51.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.
A number of other analysts have also issued reports on GFL. Royal Bank of Canada boosted their price target on GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. UBS Group upped their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Raymond James raised their price target on GFL Environmental from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.80.
Get Our Latest Report on GFL Environmental
GFL Environmental Trading Down 0.8 %
GFL traded down $0.38 during trading hours on Friday, reaching $45.12. 1,951,496 shares of the company's stock traded hands, compared to its average volume of 1,227,939. The firm has a 50-day moving average price of $40.79 and a 200 day moving average price of $38.27. The firm has a market capitalization of $16.99 billion, a PE ratio of -30.10 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. GFL Environmental has a 52-week low of $26.87 and a 52-week high of $46.48.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. As a group, sell-side analysts predict that GFL Environmental will post 0.61 EPS for the current fiscal year.
GFL Environmental Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's dividend payout ratio (DPR) is presently -4.00%.
Institutional Investors Weigh In On GFL Environmental
Large investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in GFL Environmental during the 1st quarter worth approximately $39,000. Cape Investment Advisory Inc. increased its position in shares of GFL Environmental by 325.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock valued at $44,000 after acquiring an additional 975 shares during the period. Fifth Third Bancorp raised its stake in GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after acquiring an additional 459 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in GFL Environmental during the 3rd quarter worth about $60,000. Finally, Tobam lifted its position in GFL Environmental by 139.5% during the 2nd quarter. Tobam now owns 1,751 shares of the company's stock worth $68,000 after acquiring an additional 1,020 shares during the period. Hedge funds and other institutional investors own 64.70% of the company's stock.
About GFL Environmental
(
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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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