GFL Environmental (NYSE:GFL) Price Target Raised to $45.00 at Raymond James

GFL Environmental (NYSE:GFL) had its target price hoisted by Raymond James from $43.00 to $45.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

GFL has been the topic of a number of other research reports. Royal Bank of Canada began coverage on GFL Environmental in a report on Monday, April 8th. They issued an outperform rating and a $46.00 price objective on the stock. BMO Capital Markets cut GFL Environmental from an outperform rating to a market perform rating and decreased their target price for the stock from $43.00 to $42.00 in a research report on Tuesday, July 9th. Finally, TD Cowen upped their target price on GFL Environmental from $42.00 to $43.00 and gave the stock a buy rating in a research report on Monday, May 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, GFL Environmental presently has a consensus rating of Moderate Buy and an average target price of $42.45.

GFL Environmental Trading Down 3.1 %

NYSE:GFL opened at $38.24 on Monday. The stock’s 50 day moving average price is $36.80 and its 200 day moving average price is $35.04. GFL Environmental has a 52 week low of $26.87 and a 52 week high of $40.27. The company has a market capitalization of $14.40 billion, a P/E ratio of 61.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a $0.014 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.15%.

Institutional Investors Weigh In On GFL Environmental

Hedge funds have recently modified their holdings of the business. Schwartz Investment Counsel Inc. lifted its position in GFL Environmental by 5.8% in the second quarter. Schwartz Investment Counsel Inc. now owns 210,722 shares of the company’s stock worth $8,203,000 after purchasing an additional 11,600 shares during the period. Capital Insight Partners LLC lifted its position in GFL Environmental by 2.4% in the second quarter. Capital Insight Partners LLC now owns 35,650 shares of the company’s stock worth $1,388,000 after purchasing an additional 820 shares during the period. Fifth Third Bancorp lifted its position in GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in GFL Environmental by 43.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,732 shares of the company’s stock worth $379,000 after purchasing an additional 2,937 shares during the period. Finally, Threadgill Financial LLC lifted its position in GFL Environmental by 17.1% in the second quarter. Threadgill Financial LLC now owns 11,841 shares of the company’s stock worth $461,000 after purchasing an additional 1,726 shares during the period. 64.70% of the stock is 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.