GFL Environmental (NYSE:GFL) had its price objective boosted by Raymond James from $35.00 to $39.00 in a report published on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.
A number of other equities research analysts have also recently issued reports on the company. Scotiabank upped their price objective on GFL Environmental from $34.00 to $35.00 and gave the stock a sector outperform rating in a research note on Tuesday, March 2nd. National Bank Financial reiterated an outperform rating on shares of GFL Environmental in a research report on Tuesday, March 16th. The Goldman Sachs Group initiated coverage on GFL Environmental in a research report on Tuesday, April 13th. They set a neutral rating and a $37.00 price objective for the company. JPMorgan Chase & Co. reiterated a neutral rating and issued a $31.00 target price (up from $27.00) on shares of GFL Environmental in a research report on Thursday, March 4th. Finally, TD Securities increased their target price on GFL Environmental from $39.00 to $41.00 and gave the company a hold rating in a research report on Wednesday, March 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $35.30.
NYSE:GFL opened at $33.18 on Monday. The stock’s 50 day moving average price is $33.77 and its 200 day moving average price is $28.51. GFL Environmental has a 52 week low of $14.95 and a 52 week high of $36.70. The company has a debt-to-equity ratio of 1.10, a quick ratio of 3.00 and a current ratio of 3.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Monday, April 19th will be issued a dividend of $0.011 per share. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, April 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%.
Several institutional investors have recently bought and sold shares of GFL. Norges Bank purchased a new stake in shares of GFL Environmental in the 4th quarter worth approximately $100,862,000. Swiss National Bank purchased a new stake in shares of GFL Environmental in the 4th quarter worth approximately $22,036,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of GFL Environmental in the 4th quarter worth approximately $15,849,000. Public Sector Pension Investment Board purchased a new stake in GFL Environmental during the 4th quarter valued at $10,005,000. Finally, JPMorgan Chase & Co. boosted its stake in GFL Environmental by 16,224.6% during the 4th quarter. JPMorgan Chase & Co. now owns 328,940 shares of the company’s stock valued at $9,598,000 after purchasing an additional 326,925 shares during the last quarter. Institutional investors own 58.06% of the company’s stock.
About GFL Environmental
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.
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