GFL Environmental (NYSE:GFL) Now Covered by Citigroup

Citigroup assumed coverage on shares of GFL Environmental (NYSE:GFL) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $53.00 price objective on the stock.

Several other research analysts also recently commented on GFL. Raymond James lifted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial raised their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank upped their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

GFL Environmental Trading Up 0.6 %

Shares of GFL stock opened at $43.40 on Monday. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $48.87. The company has a market cap of $17.07 billion, a PE ratio of -32.63 and a beta of 1.17. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $44.68 and its two-hundred day moving average is $42.23.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Equities analysts predict that GFL Environmental will post 0.59 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s payout ratio is -4.51%.

Hedge Funds Weigh In On GFL Environmental

A number of hedge funds have recently modified their holdings of GFL. Blue Trust Inc. grew its position in GFL Environmental by 124.9% in 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 period. Berbice Capital Management LLC bought a new stake in shares of GFL Environmental in the 4th quarter worth about $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 worth $29,000 after purchasing an additional 254 shares in the last quarter. Spartan Fund Management Inc. bought a new position in GFL Environmental during the 3rd quarter valued at about $60,000. Finally, SRH Advisors LLC acquired a new position in GFL Environmental in the fourth quarter valued at about $89,000. 64.70% of the stock is owned by institutional investors and hedge funds.

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.