Brokerages Set GFL Environmental Inc. (NYSE:GFL) Price Target at $56.56

Shares of GFL Environmental Inc. (NYSE:GFL) have been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $56.5556.

GFL has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of GFL Environmental from $46.75 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Wells Fargo & Company started coverage on shares of GFL Environmental in a research note on Thursday, November 13th. They set an “overweight” rating for the company. UBS Group raised their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Raymond James Financial set a $57.00 price target on GFL Environmental and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, January 21st.

GFL Environmental Stock Down 0.9%

GFL opened at $43.22 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98. GFL Environmental has a twelve month low of $40.83 and a twelve month high of $52.00. The company has a market cap of $15.52 billion, a PE ratio of 6.77 and a beta of 0.88. The company has a 50-day moving average price of $43.72 and a 200 day moving average price of $45.95.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.GFL Environmental’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. Sell-side analysts expect that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th will be issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Tuesday, January 13th. GFL Environmental’s payout ratio is currently 0.94%.

Institutional Investors Weigh In On GFL Environmental

Several hedge funds and other institutional investors have recently bought and sold shares of GFL. EverSource Wealth Advisors LLC raised its position in shares of GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares in the last quarter. Advisory Services Network LLC boosted its holdings in GFL Environmental by 4.1% in the third quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock valued at $310,000 after purchasing an additional 256 shares in the last quarter. AGP Franklin LLC increased its stake in GFL Environmental by 3.7% in the second quarter. AGP Franklin LLC now owns 7,427 shares of the company’s stock valued at $375,000 after purchasing an additional 262 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in GFL Environmental by 21.9% during the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock worth $75,000 after purchasing an additional 289 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after buying an additional 304 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Company Profile

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.