Analysts Set GFL Environmental Inc. (NYSE:GFL) Target Price at $41.64

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $42.45.

Several research analysts have recently weighed in on the company. BMO Capital Markets cut GFL Environmental from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $43.00 to $42.00 in a research report on Tuesday, July 9th. Royal Bank of Canada initiated coverage on GFL Environmental in a report on Monday, April 8th. They set an “outperform” rating and a $46.00 target price on the stock. TD Cowen upped their target price on GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Raymond James upped their target price on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd.

GFL Environmental Stock Down 0.9 %

NYSE:GFL opened at $37.89 on Monday. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $40.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 59.20 and a beta of 1.16. The stock has a 50-day moving average price of $36.92 and a two-hundred day moving average price of $35.11.

GFL Environmental Dividend Announcement

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

Hedge Funds Weigh In On GFL Environmental

Institutional investors and hedge funds have recently made changes to their positions in the company. Compound Global Advisors LLC acquired a new position in shares of GFL Environmental in the fourth quarter valued at approximately $15,232,000. Harbert Fund Advisors Inc. acquired a new position in shares of GFL Environmental in the fourth quarter valued at approximately $1,329,000. Vanguard Group Inc. grew its position in shares of GFL Environmental by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 7,231,470 shares of the company’s stock valued at $249,558,000 after purchasing an additional 77,156 shares during the last quarter. Barton Investment Management grew its position in shares of GFL Environmental by 13.6% in the fourth quarter. Barton Investment Management now owns 391,949 shares of the company’s stock valued at $13,526,000 after purchasing an additional 46,999 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of GFL Environmental by 13.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,520,450 shares of the company’s stock valued at $87,225,000 after purchasing an additional 294,432 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

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.