GFL Environmental (NYSE:GFL) Given New $61.00 Price Target at Citigroup

Key Points

• Citigroup has raised its price target for GFL Environmental stock from $58.00 to $61.00, indicating a potential upside of 29.83% from its previous close.
• GFL Environmental received positive ratings from multiple firms, with two analysts issuing a Strong Buy rating and the overall consensus rating being a "Buy."
• The company reported a net margin of 48.53% and achieved a revenue of $1.23 billion for the last quarter, marking a year-over-year revenue increase of 5.9%.

GFL Environmental (NYSE:GFL - Free Report) had its price target increased by Citigroup from $58.00 to $61.00 in a research report sent to investors on Wednesday, MarketBeat.com reports. Citigroup currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target for the company. Royal Bank Of Canada raised their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Truist Financial raised their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Scotiabank raised their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $58.75.

GFL Environmental Stock Up 0.7%

GFL traded up $0.32 during trading on Wednesday, hitting $46.45. The stock had a trading volume of 1,745,658 shares, compared to its average volume of 1,170,883. The stock has a 50 day simple moving average of $48.80 and a two-hundred day simple moving average of $48.66. The company has a market capitalization of $16.88 billion, a PE ratio of 7.31 and a beta of 1.11. GFL Environmental has a twelve month low of $38.78 and a twelve month high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. On average, research analysts predict that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's dividend payout ratio is presently 0.94%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in GFL Environmental during the 4th quarter worth $128,000. Nuveen Asset Management LLC increased its holdings in shares of GFL Environmental by 32.5% in the 4th quarter. Nuveen Asset Management LLC now owns 489,476 shares of the company's stock valued at $21,805,000 after purchasing an additional 119,994 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of GFL Environmental by 8.6% in the 4th quarter. Quantinno Capital Management LP now owns 24,374 shares of the company's stock valued at $1,086,000 after purchasing an additional 1,921 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of GFL Environmental by 10.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 17,268 shares of the company's stock valued at $769,000 after purchasing an additional 1,601 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in GFL Environmental by 42.2% during the 4th quarter. Squarepoint Ops LLC now owns 28,895 shares of the company's stock valued at $1,287,000 after acquiring an additional 8,580 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

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.