Analysts Set GFL Environmental Inc. (NYSE:GFL) Price Target at $54.50

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has received an average recommendation of "Buy" from the eleven research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $56.29.

Several equities analysts have recently issued reports on GFL shares. UBS Group lifted their price target on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Royal Bank Of Canada lifted their price target on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Raymond James Financial reaffirmed an "outperform" rating and issued a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th.

GFL Environmental Stock Down 0.2%

GFL Environmental stock traded down $0.08 on Monday, hitting $47.34. 1,790,644 shares of the stock traded hands, compared to its average volume of 1,467,264. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The firm has a market cap of $17.36 billion, a P/E ratio of 9.70 and a beta of 1.03. The business's fifty day simple moving average is $49.51 and its 200 day simple moving average is $47.13. GFL Environmental has a 1 year low of $37.00 and a 1 year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.52 billion. GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. GFL Environmental's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 14th will be issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental's payout ratio is 1.23%.

Institutional Investors Weigh In On GFL Environmental

A number of large investors have recently made changes to their positions in GFL. Millstone Evans Group LLC grew its stake in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after purchasing an additional 334 shares during the period. Bessemer Group Inc. bought a new position in shares of GFL Environmental during the 1st quarter valued at approximately $28,000. LRI Investments LLC bought a new position in shares of GFL Environmental during the 1st quarter valued at approximately $34,000. Natixis bought a new position in shares of GFL Environmental during the 4th quarter valued at approximately $49,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of GFL Environmental during the 1st quarter valued at approximately $53,000. 64.70% of the stock is currently owned by institutional investors.

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.