Royal Bank of Canada Reiterates Outperform Rating for GFL Environmental (NYSE:GFL)

Royal Bank of Canada restated their outperform rating on shares of GFL Environmental (NYSE:GFL) in a research note released on Monday morning,Benzinga reports. The brokerage currently has a $53.00 target price on the stock.

A number of other research analysts have also commented on GFL. Raymond James upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Scotiabank cut their price target on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Citigroup assumed coverage on shares of GFL Environmental in a research report on Monday, January 27th. They set a “buy” rating and a $53.00 target price for the company. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Truist Financial lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.56.

GFL Environmental Trading Down 0.8 %

GFL stock opened at $45.96 on Monday. 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 stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of -34.56 and a beta of 1.17. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The business 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 issued its quarterly earnings data 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 negative net margin of 7.54% and a positive return on equity of 3.50%. Analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -3.76%.

Hedge Funds Weigh In On GFL Environmental

Several institutional investors have recently bought and sold shares of GFL. Mackenzie Financial Corp raised its holdings in GFL Environmental by 74.2% during the 4th quarter. Mackenzie Financial Corp now owns 231,348 shares of the company’s stock valued at $10,302,000 after buying an additional 98,539 shares during the period. Public Employees Retirement System of Ohio lifted its position in GFL Environmental by 21.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company’s stock valued at $846,000 after acquiring an additional 3,295 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of GFL Environmental by 151.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,684 shares of the company’s stock valued at $19,806,000 after purchasing an additional 267,932 shares during the last quarter. Squarepoint Ops LLC raised its stake in GFL Environmental by 42.2% in the 4th quarter. Squarepoint Ops LLC now owns 28,895 shares of the company’s stock worth $1,287,000 after acquiring an additional 8,580 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in GFL Environmental by 10.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 17,268 shares of the company’s stock valued at $769,000 after acquiring an additional 1,601 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

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.