Recent Research Analysts’ Ratings Updates for GFL Environmental (GFL)

Several brokerages have updated their recommendations and price targets on shares of GFL Environmental (NYSE: GFL) in the last few weeks:

• 11/8/2024 – GFL Environmental had its price target raised by analysts at Scotiabank from $50.00 to $51.00. They now have a “sector outperform” rating on the stock.
• 11/8/2024 – GFL Environmental had its price target raised by analysts at Raymond James from $47.00 to $50.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – GFL Environmental had its price target raised by analysts at Truist Financial Co. from $46.00 to $54.00. They now have a “buy” rating on the stock.
• 11/7/2024 – GFL Environmental had its price target raised by analysts at UBS Group AG from $47.00 to $50.00. They now have a “buy” rating on the stock.
• 10/4/2024 – GFL Environmental is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $50.00 price target on the stock.

GFL Environmental Trading Up 1.2 %

NYSE GFL opened at $45.59 on Wednesday. The firm has a market cap of $17.17 billion, a PE ratio of -34.28 and a beta of 1.15. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $46.48. The stock has a 50-day moving average of $41.32 and a 200-day moving average of $39.02. 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 (NYSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. As a group, sell-side analysts forecast that GFL Environmental Inc. will post 0.6 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio is currently -4.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GFL. Continuum Advisory LLC grew its position in shares of GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after buying an additional 254 shares during the last quarter. Cape Investment Advisory Inc. lifted its position 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 worth $44,000 after purchasing an additional 975 shares during the period. Fifth Third Bancorp boosted its stake in shares of GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after purchasing an additional 459 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in shares of GFL Environmental during the third quarter valued at about $60,000. Finally, Tobam raised its stake in GFL Environmental by 139.5% in the second quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

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.