Brokerages Set GFL Environmental Inc. (NYSE:GFL) Target Price at $43.08

Shares of GFL Environmental Inc. (NYSE:GFL) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $43.08.

A number of equities research analysts recently weighed in on GFL shares. Royal Bank of Canada started coverage on GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 target price on the stock. Jefferies Financial Group lifted their price objective on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, TD Cowen upped their target price on GFL Environmental from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, May 6th.

Hedge Funds Weigh In On GFL Environmental

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFL. HighTower Advisors LLC raised its stake in shares of GFL Environmental by 5.8% in the third quarter. HighTower Advisors LLC now owns 18,217 shares of the company’s stock valued at $579,000 after acquiring an additional 1,003 shares during the last quarter. Envestnet Asset Management Inc. raised its position in GFL Environmental by 29.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 114,958 shares of the company’s stock valued at $3,651,000 after purchasing an additional 26,028 shares during the last quarter. Mariner LLC boosted its stake in GFL Environmental by 1.4% in the third quarter. Mariner LLC now owns 80,855 shares of the company’s stock worth $2,568,000 after purchasing an additional 1,083 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of GFL Environmental by 13.9% during the third quarter. Stifel Financial Corp now owns 68,430 shares of the company’s stock worth $2,173,000 after purchasing an additional 8,365 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of GFL Environmental by 2,448.5% in the third quarter. Tower Research Capital LLC TRC now owns 12,284 shares of the company’s stock valued at $390,000 after buying an additional 11,802 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $38.93 on Thursday. The firm has a fifty day moving average price of $34.35 and a two-hundred day moving average price of $34.28. GFL Environmental has a fifty-two week low of $26.87 and a fifty-two week high of $40.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $14.66 billion, a PE ratio of 60.70 and a beta of 1.13.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a dividend of $0.014 per share. The ex-dividend date was Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.14%. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01.

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.