Scotiabank Has Lowered Expectations for GFL Environmental (NYSE:GFL) Stock Price

GFL Environmental (NYSE:GFL) had its target price cut by Scotiabank from $51.00 to $50.00 in a research report report published on Monday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Citigroup initiated coverage on GFL Environmental in a report on Monday. They issued a “buy” rating and a $53.00 price target on the stock. Raymond James lifted their target price 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 company a “buy” rating in a research note on Thursday, November 7th. Finally, 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 note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

GFL Environmental Stock Up 0.6 %

NYSE GFL opened at $43.40 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 52 week low of $30.57 and a 52 week high of $48.87. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of -32.63 and a beta of 1.17. The company has a fifty day moving average of $44.68 and a two-hundred day moving average of $42.23.

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

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.014 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental’s payout ratio is presently -3.76%.

Hedge Funds Weigh In On GFL Environmental

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of GFL Environmental during the 4th quarter worth $27,000. Continuum Advisory LLC boosted its position in GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in GFL Environmental in the third quarter valued at about $60,000. Finally, Avior Wealth Management LLC purchased a new position in GFL Environmental in the third quarter valued at about $82,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

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.