Brokerages Set GFL Environmental Inc. (NYSE:GFL) PT at $49.00

Shares of GFL Environmental Inc. (NYSE:GFL) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $49.00.

A number of equities analysts have recently issued reports on the company. Citigroup started coverage on GFL Environmental in a report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. Scotiabank dropped their price objective on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. UBS Group boosted their target price 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. Truist Financial upped their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Raymond James lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

GFL Environmental Stock Performance

Shares of NYSE GFL opened at $45.95 on Friday. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of -34.55 and a beta of 1.17. GFL Environmental has a one year low of $30.57 and a one year high of $48.87. The business has a fifty day simple moving average of $44.39 and a 200 day simple moving average of $42.50. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a dividend of $0.014 per share. 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 (DPR) is -4.51%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GFL. Fred Alger Management LLC boosted its stake in GFL Environmental by 64.3% during the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock worth $407,619,000 after acquiring an additional 3,999,363 shares during the last quarter. Soros Fund Management LLC boosted its position in shares of GFL Environmental by 487.0% during the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock worth $125,874,000 after purchasing an additional 2,618,589 shares in the last quarter. FMR LLC grew its holdings in shares of GFL Environmental by 7.4% in the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after buying an additional 1,728,598 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of GFL Environmental by 162.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company’s stock valued at $50,694,000 after buying an additional 786,044 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of GFL Environmental in the 4th quarter valued at $18,836,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

About GFL Environmental

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.