GFL Environmental (NYSE:GFL) Now Covered by Analysts at Citigroup

Citigroup assumed coverage on shares of GFL Environmental (NYSE:GFL) in a research note released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $53.00 price objective on the stock.

Several other research firms have also issued reports on GFL. Truist Financial increased their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Scotiabank increased their target price on GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, UBS Group increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and a consensus price target of $47.50.

GFL Environmental Stock Performance

NYSE GFL opened at $43.12 on Monday. The stock has a market cap of $16.96 billion, a PE ratio of -32.42 and a beta of 1.17. 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 has a twelve month low of $30.57 and a twelve month high of $48.87. The stock has a fifty day simple moving average of $44.77 and a 200-day simple moving average of $42.15.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts anticipate that GFL Environmental will post 0.59 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after buying an additional 306 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in GFL Environmental during the 4th quarter worth $27,000. Continuum Advisory LLC boosted its stake in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares during the period. Spartan Fund Management Inc. acquired a new stake in GFL Environmental during the 3rd quarter worth $60,000. Finally, Avior Wealth Management LLC acquired a new stake in GFL Environmental during the 3rd quarter worth $82,000. 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.