GFL Environmental’s (GFL) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of GFL Environmental (NYSE:GFL) in a research note released on Monday morning,Benzinga reports. The firm currently has a $53.00 target price on the stock.

GFL has been the topic of several other research reports. Scotiabank cut their price target on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. UBS Group increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Citigroup started coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price target for the company. Truist Financial upped their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Raymond James lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.56.

GFL Environmental Stock Performance

NYSE:GFL opened at $44.41 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a twelve month low of $30.57 and a twelve month high of $48.87. The company has a fifty day moving average of $44.41 and a 200-day moving average of $43.13. The firm has a market capitalization of $17.47 billion, a P/E ratio of -33.39 and a beta of 1.17.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, sell-side analysts anticipate that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is -3.76%.

Hedge Funds Weigh In On GFL Environmental

Several hedge funds have recently modified their holdings of GFL. Blue Trust Inc. increased its position in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of GFL Environmental during the 4th quarter valued at $27,000. Continuum Advisory LLC increased its position in shares of GFL Environmental by 60.6% during the 3rd 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 last quarter. Natixis bought a new stake in shares of GFL Environmental during the 4th quarter worth $49,000. Finally, SRH Advisors LLC purchased a new position in shares of GFL Environmental in the 4th quarter worth about $89,000. Institutional investors 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.