Scotiabank Issues Positive Forecast for GFL Environmental (NYSE:GFL) Stock Price

GFL Environmental (NYSE:GFL) had its price target boosted by Scotiabank from $50.00 to $52.00 in a report issued on Wednesday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Raymond James boosted their target price 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. UBS Group boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Truist Financial boosted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.78.

GFL Environmental Trading Up 4.4 %

NYSE:GFL opened at $47.55 on Wednesday. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $48.87. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of -35.75 and a beta of 1.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average is $44.50 and its 200-day moving average is $43.30.

GFL Environmental (NYSE:GFL) last announced its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. Equities analysts anticipate that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were paid a $0.014 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio is presently -3.23%.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors and hedge funds have recently made changes to their positions in GFL. US Bancorp DE boosted its stake in shares of GFL Environmental by 51.5% in the 3rd quarter. US Bancorp DE now owns 2,569 shares of the company’s stock valued at $102,000 after purchasing an additional 873 shares in the last quarter. Atria Investments Inc lifted its position in GFL Environmental by 11.3% during the 3rd quarter. Atria Investments Inc now owns 15,400 shares of the company’s stock worth $614,000 after buying an additional 1,567 shares in the last quarter. FDx Advisors Inc. lifted its position in GFL Environmental by 72.7% during the 3rd quarter. FDx Advisors Inc. now owns 11,166 shares of the company’s stock worth $445,000 after buying an additional 4,702 shares in the last quarter. Aigen Investment Management LP lifted its position in GFL Environmental by 87.3% during the 3rd quarter. Aigen Investment Management LP now owns 13,665 shares of the company’s stock worth $545,000 after buying an additional 6,370 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in GFL Environmental by 93.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,304 shares of the company’s stock worth $1,607,000 after buying an additional 19,520 shares in the last quarter. 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.