GFL Environmental (NYSE:GFL - Free Report) had its price objective increased by Scotiabank from $50.00 to $52.00 in a report released on Wednesday,Benzinga reports. They currently have a sector outperform rating on the stock.
A number of other equities analysts have also issued reports on the stock. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. UBS Group boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $53.00 target price on shares of GFL Environmental in a research report on Monday, February 24th. Raymond James boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Truist Financial boosted their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $49.78.
View Our Latest Report on GFL Environmental
GFL Environmental Stock Performance
Shares of GFL Environmental stock traded up $0.58 on Wednesday, reaching $46.97. The stock had a trading volume of 2,348,430 shares, compared to its average volume of 1,936,385. The business's 50-day moving average price is $44.58 and its two-hundred day moving average price is $43.37. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The stock has a market cap of $18.48 billion, a P/E ratio of -35.32 and a beta of 1.16.
GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.98 billion. On average, sell-side analysts forecast that GFL Environmental will post 0.58 EPS for the current year.
GFL Environmental Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio (DPR) is presently -3.23%.
Institutional Investors Weigh In On GFL Environmental
Several institutional investors and hedge funds have recently made changes to their positions in GFL. Fred Alger Management LLC boosted its stake in shares of GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock valued at $407,619,000 after purchasing an additional 3,999,363 shares in the last quarter. Norges Bank acquired a new stake in shares of GFL Environmental in the 4th quarter valued at $126,420,000. Capital Research Global Investors boosted its stake in shares of GFL Environmental by 11.4% in the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock valued at $1,201,406,000 after purchasing an additional 2,751,618 shares in the last quarter. Soros Fund Management LLC boosted its stake in shares of GFL Environmental by 487.0% in the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company's stock valued at $125,874,000 after purchasing an additional 2,618,589 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after purchasing an additional 2,506,021 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Company Profile
(
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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