Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) saw strong trading volume on Wednesday . 1,922,513 shares changed hands during trading, an increase of 2% from the previous session's volume of 1,882,431 shares.The stock last traded at $47.84 and had previously closed at $48.62.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on GFL shares. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Citigroup initiated coverage on GFL Environmental in a research note on Monday, January 27th. They issued a "buy" rating and a $53.00 price target on the stock. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. Finally, Scotiabank raised their price objective on GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $49.63.
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GFL Environmental Stock Down 2.1 %
The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm's 50 day moving average price is $45.60 and its two-hundred day moving average price is $43.94. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of -35.93 and a beta of 1.16.
GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. Sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio is presently -3.23%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares in the last quarter. Berbice Capital Management LLC acquired a new position in GFL Environmental in the 4th quarter valued at $27,000. Continuum Advisory LLC grew its holdings in shares of GFL Environmental by 60.6% during 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 acquired a new stake in shares of GFL Environmental during the 4th quarter worth $49,000. Finally, SRH Advisors LLC bought a new position in shares of GFL Environmental in the fourth quarter worth $89,000. 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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