GFL Environmental (NYSE:GFL) Price Target Raised to $54.00 at Truist Financial

GFL Environmental (NYSE:GFL) had its price target upped by Truist Financial from $46.00 to $54.00 in a research note released on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research analysts have also commented on the stock. Scotiabank raised their price target on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday. UBS Group raised their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada upped their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Raymond James raised their price objective on GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Trading Down 0.8 %

Shares of NYSE GFL traded down $0.38 during trading on Friday, hitting $45.12. 1,954,631 shares of the company traded hands, compared to its average volume of 1,052,493. The firm has a market capitalization of $16.99 billion, a P/E ratio of -33.92 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $40.82 and a 200-day moving average price of $38.35. GFL Environmental has a 1 year low of $26.87 and a 1 year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.46% and a negative net margin of 7.54%. On average, equities analysts predict that GFL Environmental will post 0.61 EPS 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 given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s payout ratio is currently -4.51%.

Institutional Trading of GFL Environmental

Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in shares of GFL Environmental by 143.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock worth $608,000 after purchasing an additional 10,400 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in GFL Environmental by 13.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,795 shares of the company’s stock valued at $234,000 after buying an additional 780 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in GFL Environmental during the 1st quarter worth approximately $459,000. Headlands Technologies LLC bought a new position in GFL Environmental during the 1st quarter worth approximately $39,000. Finally, Element Capital Management LLC acquired a new position in shares of GFL Environmental in the 1st quarter worth approximately $2,516,000. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Company Profile

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.