GFL Environmental (NYSE:GFL) Reaches New 12-Month High - Here's Why

GFL Environmental Inc. (NYSE:GFL - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $49.00 and last traded at $48.59, with a volume of 124943 shares traded. The stock had previously closed at $48.14.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Scotiabank increased their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Citigroup began coverage on GFL Environmental in a research report on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective for the company. Finally, Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.63.

GFL Environmental Stock Down 2.1 %

The company has a market cap of $18.80 billion, a price-to-earnings ratio of -35.93 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. The firm has a 50-day moving average price of $45.60 and a 200 day moving average price of $43.91.

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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 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. Sell-side analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio is -3.23%.

Institutional Trading of GFL Environmental

A number of institutional investors have recently bought and sold shares of GFL. Blue Trust Inc. raised its position 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 buying an additional 306 shares in the last quarter. Berbice Capital Management LLC bought a new position in GFL Environmental during the 4th quarter worth $27,000. Continuum Advisory LLC raised its holdings in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after acquiring an additional 254 shares in the last quarter. Natixis bought a new stake in shares of GFL Environmental during the 4th quarter valued at $49,000. Finally, SRH Advisors LLC acquired a new stake in shares of GFL Environmental during the 4th quarter worth $89,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Company Profile

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.