GFL Environmental (NYSE:GFL) Price Target Raised to C$55.00 at TD Securities

GFL Environmental (NYSE:GFLGet Rating) had its price target lifted by TD Securities from C$53.00 to C$55.00 in a report published on Tuesday, The Fly reports.

GFL has been the topic of several other research reports. National Bank Financial dropped their target price on shares of GFL Environmental from C$55.00 to C$53.00 in a report on Friday, April 22nd. Raymond James raised their target price on shares of GFL Environmental from $41.00 to $42.00 and gave the stock an outperform rating in a report on Friday, April 22nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and a consensus price target of $48.00.

GFL Environmental Price Performance

Shares of GFL opened at $28.59 on Tuesday. The company has a market capitalization of $9.67 billion, a P/E ratio of -43.98 and a beta of 1.33. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average of $27.26 and a 200 day moving average of $29.37. GFL Environmental has a twelve month low of $24.00 and a twelve month high of $43.71.

GFL Environmental (NYSE:GFLGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.08. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. GFL Environmental had a negative net margin of 3.80% and a positive return on equity of 3.77%. As a group, equities research analysts anticipate that GFL Environmental will post 0.52 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 18th were paid a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Friday, July 15th. GFL Environmental’s dividend payout ratio is presently -7.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp purchased a new position in shares of GFL Environmental during the 4th quarter valued at $35,000. Elequin Capital LP purchased a new position in shares of GFL Environmental during the 1st quarter valued at $44,000. Achmea Investment Management B.V. purchased a new position in shares of GFL Environmental during the 4th quarter valued at $63,000. NN Investment Partners Holdings N.V. purchased a new position in shares of GFL Environmental during the 1st quarter valued at $75,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of GFL Environmental during the 1st quarter valued at $119,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

GFL Environmental Company Profile

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GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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Analyst Recommendations for GFL Environmental (NYSE:GFL)

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