GFL Environmental Inc. (NYSE:GFL) Stock Has Average Price Target of $57.56

Shares of GFL Environmental Inc. (NYSE:GFL) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $57.56.

Several analysts recently commented on the company. Citigroup set a $51.00 target price on GFL Environmental and gave the company a “buy” rating in a research report on Wednesday, October 14th. Scotiabank dropped their price target on GFL Environmental from $57.00 to $55.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. Weiss Ratings raised GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Finally, BMO Capital Markets restated a “market perform” rating on shares of GFL Environmental in a report on Thursday, October 15th.

Institutional Trading of GFL Environmental

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in GFL Environmental in the 2nd quarter valued at $31,000. Whipplewood Advisors LLC acquired a new position in GFL Environmental during the 1st quarter worth about $32,000. GAMMA Investing LLC grew its stake in shares of GFL Environmental by 853.7% during the third quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock valued at $43,000 after purchasing an additional 922 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of GFL Environmental by 36.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock valued at $56,000 after buying an additional 360 shares during the period. Finally, Parallel Advisors LLC raised its holdings in GFL Environmental by 256.9% during the 1st quarter. Parallel Advisors LLC now owns 1,542 shares of the company’s stock worth $64,000 after purchasing an additional 1,110 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Down 1.4%

NYSE:GFL opened at $45.03 on Friday. The business’s 50 day moving average is $42.51 and its two-hundred day moving average is $40.80. GFL Environmental has a 52 week low of $33.33 and a 52 week high of $46.76.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s revenue was up 16.3% on a year-over-year basis. As a group, equities analysts expect that GFL Environmental will post 0.55 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.0169 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%.

About GFL Environmental

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.