GFL Environmental (NYSE:GFL) Price Target Raised to $51.00 at Scotiabank

GFL Environmental (NYSE:GFL) had its price objective upped by Scotiabank from $50.00 to $51.00 in a report published on Friday,Benzinga reports. They currently have a sector outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. UBS Group boosted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Raymond James boosted their price objective on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Trading Down 2.0 %

GFL opened at $44.24 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.89. The company has a market cap of $16.66 billion, a price-to-earnings ratio of -33.26 and a beta of 1.15. The firm has a 50 day simple moving average of $40.84 and a 200 day simple moving average of $38.51. GFL Environmental has a fifty-two week low of $26.87 and a fifty-two week high of $46.48.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, sell-side analysts anticipate that GFL Environmental will post 0.6 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors boosted its holdings in shares of GFL Environmental by 17.4% in the first quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock valued at $684,877,000 after buying an additional 2,935,811 shares during the period. Vanguard Group Inc. boosted its holdings in GFL Environmental by 9.4% during the first quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock worth $273,053,000 after purchasing an additional 683,120 shares during the last quarter. Fred Alger Management LLC boosted its holdings in GFL Environmental by 7.1% during the second quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company’s stock worth $242,213,000 after purchasing an additional 411,128 shares during the last quarter. Millennium Management LLC boosted its holdings in GFL Environmental by 40.0% during the second quarter. Millennium Management LLC now owns 5,649,169 shares of the company’s stock worth $219,922,000 after purchasing an additional 1,614,182 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its holdings in GFL Environmental by 22.1% during the second quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company’s stock worth $127,911,000 after purchasing an additional 595,259 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.