GFL Environmental Inc. (NYSE:GFL) Given Consensus Recommendation of “Buy” by Brokerages

GFL Environmental Inc. (NYSE:GFLGet Rating) has received a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $42.06.

A number of analysts have commented on the company. Bank of America raised GFL Environmental from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $34.00 to $32.50 in a report on Friday, October 21st. Jefferies Financial Group reissued a “buy” rating and issued a $41.00 target price on shares of GFL Environmental in a report on Tuesday, October 25th. Raymond James cut their price objective on GFL Environmental from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, November 7th. TD Securities lifted their price objective on GFL Environmental from C$48.00 to C$51.00 in a report on Friday, November 4th. Finally, Bank Of America (Bofa) raised GFL Environmental to a “buy” rating in a report on Friday, October 21st.

GFL Environmental Stock Down 1.8 %

Shares of NYSE:GFL opened at $30.02 on Thursday. The stock has a fifty day simple moving average of $28.72 and a two-hundred day simple moving average of $27.67. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of -58.86 and a beta of 1.19. GFL Environmental has a 12-month low of $23.10 and a 12-month high of $34.16. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.53.

GFL Environmental (NYSE:GFLGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.26 billion. GFL Environmental had a positive return on equity of 3.52% and a negative net margin of 2.57%. On average, research analysts anticipate that GFL Environmental will post 0.42 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Wednesday, January 18th will be given a $0.012 dividend. The ex-dividend date of this dividend is Tuesday, January 17th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.16%. GFL Environmental’s dividend payout ratio is currently -9.80%.

Institutional Investors Weigh In On GFL Environmental

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC raised its position in GFL Environmental by 27.2% during the fourth quarter. Copeland Capital Management LLC now owns 841,200 shares of the company’s stock valued at $24,588,000 after purchasing an additional 179,954 shares during the period. First Hawaiian Bank purchased a new stake in GFL Environmental during the fourth quarter valued at approximately $201,000. Continental Investors Services Inc. purchased a new stake in GFL Environmental during the third quarter valued at approximately $354,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of GFL Environmental during the third quarter valued at approximately $1,774,000. Finally, Industrial Alliance Investment Management Inc. grew its stake in shares of GFL Environmental by 31.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 192,127 shares of the company’s stock valued at $4,859,000 after buying an additional 46,330 shares during the last quarter. 63.25% of the stock is currently owned by hedge funds and other institutional investors.

About GFL Environmental

(Get Rating)

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.

Further Reading

Analyst Recommendations for GFL Environmental (NYSE:GFL)

Receive News & Ratings for GFL Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFL Environmental and related companies with MarketBeat.com's FREE daily email newsletter.