GFL Environmental (NYSE:GFL) Stock Rating Lowered by BMO Capital Markets

BMO Capital Markets downgraded shares of GFL Environmental (NYSE:GFL - Free Report) from an outperform rating to a market perform rating in a research note published on Tuesday morning, MarketBeat Ratings reports. BMO Capital Markets currently has $42.00 price objective on the stock, down from their previous price objective of $43.00.

GFL has been the topic of a number of other reports. Jefferies Financial Group raised their target price on GFL Environmental from $46.00 to $51.00 and gave the company a buy rating in a research report on Monday, March 18th. TD Cowen raised their price objective on GFL Environmental from $42.00 to $43.00 and gave the company a buy rating in a report on Monday, May 6th. Finally, Royal Bank of Canada started coverage on GFL Environmental in a research note on Monday, April 8th. They set an outperform rating and a $46.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, GFL Environmental has a consensus rating of Moderate Buy and an average price target of $43.08.

GFL Environmental Stock Performance

NYSE GFL traded down $0.62 during mid-day trading on Tuesday, reaching $38.73. 1,804,341 shares of the stock were exchanged, compared to its average volume of 1,251,636. The company has a market capitalization of $14.58 billion, a P/E ratio of 61.44 and a beta of 1.16. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84. The business's 50 day moving average is $35.13 and its 200-day moving average is $34.59. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $40.27.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.014 per share. The ex-dividend date is Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%.

Institutional Trading of GFL Environmental

A number of hedge funds have recently bought and sold shares of GFL. Harbor Capital Advisors Inc. increased its holdings in shares of GFL Environmental by 292.5% in the second quarter. Harbor Capital Advisors Inc. now owns 23,024 shares of the company's stock valued at $896,000 after purchasing an additional 17,158 shares during the last quarter. Cape Investment Advisory Inc. boosted its position in shares of GFL Environmental by 325.0% during 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 last quarter. Tidal Investments LLC grew its holdings in shares of GFL Environmental by 68.6% in the first quarter. Tidal Investments LLC now owns 18,133 shares of the company's stock valued at $626,000 after purchasing an additional 7,377 shares during the period. Fairbanks Capital Management Inc. purchased a new position in GFL Environmental during the first quarter worth about $1,112,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in GFL Environmental by 31.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 13,123 shares of the company's stock valued at $453,000 after purchasing an additional 3,166 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

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.