GFL Environmental (NYSE:GFL) Price Target Raised to $48.00 at Royal Bank of Canada

GFL Environmental (NYSE:GFL) had its price target boosted by Royal Bank of Canada from $46.00 to $48.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Raymond James boosted their price target on GFL Environmental from $43.00 to $45.00 and gave the stock an outperform rating in a research note on Monday, July 22nd. TD Cowen raised their price target on shares of GFL Environmental from $42.00 to $43.00 and gave the stock a buy rating in a report on Monday, May 6th. Finally, BMO Capital Markets lowered shares of GFL Environmental from an outperform rating to a market perform rating and dropped their price objective for the company from $43.00 to $42.00 in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $42.64.

GFL Environmental Stock Down 2.0 %

Shares of GFL stock traded down $0.81 during trading hours on Friday, reaching $39.18. 677,249 shares of the company’s stock were exchanged, compared to its average volume of 1,241,516. 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 company has a market cap of $14.75 billion, a price-to-earnings ratio of 38.09 and a beta of 1.16. GFL Environmental has a fifty-two week low of $26.87 and a fifty-two week high of $40.71. The stock’s 50 day moving average is $37.67 and its 200-day moving average is $35.33.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a $0.014 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.14%. GFL Environmental’s dividend payout ratio (DPR) is presently 5.71%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its holdings in shares of GFL Environmental by 17.4% during the first quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock valued at $684,877,000 after acquiring an additional 2,935,811 shares during the last quarter. Norges Bank purchased a new position in shares of GFL Environmental during the 4th quarter worth approximately $85,441,000. Findlay Park Partners LLP acquired a new stake in GFL Environmental in the 1st quarter valued at approximately $35,686,000. Vanguard Group Inc. increased its holdings in GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock valued at $273,053,000 after purchasing an additional 683,120 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in GFL Environmental by 3.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,022,382 shares of the company’s stock valued at $449,402,000 after purchasing an additional 478,412 shares during the period. 64.70% of the stock is currently 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.