GFL Environmental (NYSE:GFL) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of GFL Environmental (NYSE:GFL) in a report published on Monday,Benzinga reports. The firm currently has a $53.00 price target on the stock.

GFL has been the subject of a number of other research reports. Citigroup began coverage on GFL Environmental in a research report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. Scotiabank reduced their price target on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. UBS Group raised their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Raymond James upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial raised their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.56.

GFL Environmental Stock Down 0.8 %

GFL opened at $45.96 on Monday. GFL Environmental has a one year low of $30.57 and a one year high of $48.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $18.08 billion, a P/E ratio of -34.56 and a beta of 1.17. The company has a fifty day moving average price of $44.44 and a 200-day moving average price of $43.09.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities research analysts expect that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -3.76%.

Institutional Trading of GFL Environmental

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new position in GFL Environmental during the fourth quarter worth about $27,000. Continuum Advisory LLC grew its position in GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after buying an additional 254 shares during the last quarter. Natixis acquired a new stake in GFL Environmental during the 4th quarter worth about $49,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of GFL Environmental in the third quarter valued at $82,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

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.