GFL Environmental Inc. (NYSE:GFL) Receives $45.80 Average Target Price from Brokerages

GFL Environmental Inc. (NYSE:GFL) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $45.80.

GFL has been the topic of several research reports. Truist Financial lifted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James boosted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group raised their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Scotiabank boosted their target price on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th.

Hedge Funds Weigh In On GFL Environmental

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC lifted its stake in GFL Environmental by 6.3% in the third quarter. Tidal Investments LLC now owns 20,853 shares of the company’s stock worth $832,000 after acquiring an additional 1,238 shares during the period. Sanctuary Advisors LLC bought a new position in GFL Environmental in the 3rd quarter worth $174,000. TCW Group Inc. lifted its position in shares of GFL Environmental by 24.6% in the 3rd quarter. TCW Group Inc. now owns 21,598 shares of the company’s stock worth $861,000 after purchasing an additional 4,270 shares during the period. Toronto Dominion Bank boosted its stake in shares of GFL Environmental by 20.1% during the 3rd quarter. Toronto Dominion Bank now owns 104,578 shares of the company’s stock valued at $4,171,000 after purchasing an additional 17,493 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of GFL Environmental by 7.7% during the third quarter. Geode Capital Management LLC now owns 918,706 shares of the company’s stock valued at $36,296,000 after buying an additional 65,449 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Stock Down 0.0 %

GFL opened at $44.71 on Thursday. The business’s fifty day simple moving average is $44.28 and its 200 day simple moving average is $41.33. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market cap of $17.59 billion, a PE ratio of -33.62 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, research analysts expect that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio (DPR) is currently -3.76%.

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.