Analysts Set GFL Environmental Inc. (NYSE:GFL) PT at $58.75

Shares of GFL Environmental Inc. (NYSE:GFL) have been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.75.

A number of research firms recently issued reports on GFL. Citigroup boosted their target price on shares of GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Scotiabank increased their price objective on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 1st. Barclays began coverage on GFL Environmental in a research report on Friday, September 19th. They issued an “overweight” rating and a $62.00 target price for the company. Royal Bank Of Canada increased their price target on GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Truist Financial boosted their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 1st.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in GFL Environmental by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company’s stock worth $427,166,000 after acquiring an additional 146,256 shares during the last quarter. Royal Bank of Canada boosted its holdings in GFL Environmental by 4.4% during the first quarter. Royal Bank of Canada now owns 7,883,481 shares of the company’s stock worth $380,850,000 after purchasing an additional 334,218 shares during the last quarter. American Century Companies Inc. grew its position in GFL Environmental by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,798,031 shares of the company’s stock worth $242,109,000 after purchasing an additional 282,729 shares in the last quarter. Maverick Capital Ltd. increased its stake in GFL Environmental by 13.9% in the 1st quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company’s stock valued at $207,828,000 after buying an additional 523,360 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of GFL Environmental by 30.1% during the 2nd quarter. CIBC Asset Management Inc now owns 4,015,118 shares of the company’s stock worth $202,625,000 after buying an additional 927,798 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

Shares of GFL Environmental stock opened at $46.49 on Friday. The company has a market cap of $16.89 billion, a P/E ratio of 7.32 and a beta of 1.11. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $48.71 and a two-hundred day moving average price of $48.63. GFL Environmental has a 1-year low of $38.78 and a 1-year high of $52.00.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 14th. GFL Environmental’s dividend payout ratio (DPR) is currently 0.94%.

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.