Brokerages Set GFL Environmental Inc. (NYSE:GFL) Target Price at $41.64

Shares of GFL Environmental Inc. (NYSE:GFL) have received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $42.45.

Several analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Royal Bank of Canada started coverage on shares of GFL Environmental in a report on Monday, April 8th. They issued an “outperform” rating and a $46.00 price target for the company. BMO Capital Markets lowered shares of GFL Environmental from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $43.00 to $42.00 in a report on Tuesday, July 9th. Finally, Raymond James raised their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 22nd.

Hedge Funds Weigh In On GFL Environmental

Institutional investors and hedge funds have recently made changes to their positions in the company. Tobam acquired a new position in shares of GFL Environmental in the 1st quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of GFL Environmental in the 1st quarter valued at $39,000. Signaturefd LLC grew its holdings in shares of GFL Environmental by 48.9% in the 4th quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock valued at $41,000 after buying an additional 387 shares during the period. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of GFL Environmental by 60.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock valued at $42,000 after buying an additional 454 shares during the period. Finally, Cape Investment Advisory Inc. grew its holdings in shares of GFL Environmental by 325.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock valued at $44,000 after buying an additional 975 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Down 0.9 %

NYSE GFL opened at $37.89 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50-day simple moving average of $36.92 and a 200 day simple moving average of $35.07. GFL Environmental has a twelve month low of $26.87 and a twelve month high of $40.27. The stock has a market cap of $14.26 billion, a PE ratio of 36.09 and a beta of 1.16.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Monday, July 15th. GFL Environmental’s dividend payout ratio (DPR) is 5.71%.

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.