Citigroup Boosts GFL Environmental (NYSE:GFL) Price Target to $56.00

GFL Environmental (NYSE:GFL) had its target price boosted by Citigroup from $51.00 to $56.00 in a research report released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also recently commented on GFL. Truist Financial raised their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Scotiabank raised their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. Finally, Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

GFL Environmental Stock Down 7.0 %

Shares of GFL opened at $44.76 on Wednesday. The firm’s 50-day simple moving average is $46.15 and its 200 day simple moving average is $44.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $17.61 billion, a P/E ratio of -33.65 and a beta of 1.09. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $49.35.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, analysts forecast that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a $0.0154 dividend. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.14%. GFL Environmental’s dividend payout ratio is presently -3.23%.

Institutional Investors Weigh In On GFL Environmental

Several large investors have recently modified their holdings of the company. Continuum Advisory LLC raised its holdings in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares during the period. Erste Asset Management GmbH lifted its stake in shares of GFL Environmental by 2.0% in the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock valued at $597,000 after buying an additional 261 shares in the last quarter. Metis Global Partners LLC increased its position in shares of GFL Environmental by 5.4% during the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock worth $258,000 after acquiring an additional 298 shares in the last quarter. Blue Trust Inc. increased its holdings in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after purchasing an additional 306 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of GFL Environmental by 12.5% in the fourth quarter. US Bancorp DE now owns 2,890 shares of the company’s stock valued at $129,000 after purchasing an additional 321 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.