Analysts Set GFL Environmental Inc. (NYSE:GFL) Target Price at $54.25

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $54.25.

A number of equities analysts have commented on GFL shares. Barclays initiated coverage on shares of GFL Environmental in a research note on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 price target for the company. Weiss Ratings raised shares of GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of GFL Environmental in a research report on Monday, August 31st. Citigroup set a $51.00 price objective on GFL Environmental and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors have recently bought and sold shares of GFL. Aster Capital Management DIFC Ltd bought a new position in shares of GFL Environmental during the fourth quarter valued at about $25,000. Sunbelt Securities Inc. purchased a new position in GFL Environmental during the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its holdings in GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the period. Whipplewood Advisors LLC bought a new position in shares of GFL Environmental during the first quarter valued at approximately $32,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Price Performance

GFL Environmental stock opened at $43.72 on Friday. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of -82.49, a PEG ratio of 2.84 and a beta of 0.68. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.34. The business has a 50-day simple moving average of $40.61 and a 200 day simple moving average of $39.83. GFL Environmental has a 52 week low of $33.33 and a 52 week high of $48.57.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.33 billion. GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The business’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. On average, research analysts forecast that GFL Environmental will post 0.65 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 13th were paid a $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 13th. GFL Environmental’s payout ratio is -13.21%.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.