GFL Environmental (NYSE:GFL) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of GFL Environmental (NYSE:GFL) in a research note issued to investors on Monday, Marketbeat reports. The firm issued a buy rating and a $53.00 target price on the stock.

GFL has been the subject of a number of other reports. Raymond James boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Scotiabank upped their target price on GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, Truist Financial upped their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

GFL Environmental Price Performance

Shares of NYSE GFL opened at $43.12 on Monday. The business’s 50 day moving average price is $44.77 and its 200 day moving average price is $42.15. The firm has a market cap of $16.96 billion, a P/E ratio of -32.42 and a beta of 1.17. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last announced 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. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, sell-side analysts expect that GFL Environmental will post 0.59 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be paid a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Monday, January 13th. GFL Environmental’s dividend payout ratio is currently -4.51%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its holdings in GFL Environmental by 9.9% in the 4th quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company’s stock valued at $354,000 after buying an additional 718 shares in the last quarter. Barton Investment Management grew its holdings in GFL Environmental by 0.7% in the 4th quarter. Barton Investment Management now owns 414,598 shares of the company’s stock valued at $18,466,000 after buying an additional 2,864 shares in the last quarter. Jennison Associates LLC grew its holdings in GFL Environmental by 7.0% in the 4th quarter. Jennison Associates LLC now owns 1,544,690 shares of the company’s stock valued at $68,800,000 after buying an additional 101,695 shares in the last quarter. Capital Insight Partners LLC grew its holdings in GFL Environmental by 7.5% in the 4th quarter. Capital Insight Partners LLC now owns 39,752 shares of the company’s stock valued at $1,771,000 after buying an additional 2,790 shares in the last quarter. Finally, Symphony Financial Ltd. Co. purchased a new stake in GFL Environmental in the 4th quarter valued at $213,000. 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.