GFL Environmental (NYSE:GFL) Given New $57.00 Price Target at UBS Group

GFL Environmental (NYSE:GFL - Free Report) had its price objective hoisted by UBS Group from $50.00 to $57.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and set a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Citigroup lifted their price target on GFL Environmental from $51.00 to $56.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Scotiabank upped their price objective on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.25.

GFL Environmental Stock Up 7.1 %

NYSE GFL traded up $3.06 on Friday, hitting $46.39. The stock had a trading volume of 1,482,764 shares, compared to its average volume of 1,434,155. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of -35.00 and a beta of 1.09. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The business's fifty day moving average price is $46.16 and its 200 day moving average price is $44.28. GFL Environmental has a 52-week low of $30.57 and a 52-week high of $49.35.

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

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is currently -3.87%.

Hedge Funds Weigh In On GFL Environmental

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew 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 valued at $25,000 after purchasing an additional 306 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental in the fourth quarter worth $27,000. Continuum Advisory LLC increased its position in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after acquiring an additional 254 shares during the period. Natixis acquired a new stake in shares of GFL Environmental in the fourth quarter valued at $49,000. Finally, Versant Capital Management Inc grew its stake in GFL Environmental by 3,470.3% during the 1st quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock worth $64,000 after purchasing an additional 1,284 shares in 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.