GFL Environmental Inc. (NYSE:GFL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of GFL Environmental Inc. (NYSE:GFL) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.08.

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on GFL Environmental from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Jefferies Financial Group upped their price objective on shares of GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, March 18th. TD Cowen lifted their target price on shares of GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets boosted their price target on shares of GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, TheStreet raised shares of GFL Environmental from a “d+” rating to a “c” rating in a report on Tuesday, February 20th.

Institutional Trading of GFL Environmental

Several institutional investors and hedge funds have recently modified their holdings of the business. Tobam purchased a new position in shares of GFL Environmental during the first quarter worth about $25,000. Signaturefd LLC lifted its holdings in shares of GFL Environmental by 48.9% during the 4th quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock worth $41,000 after acquiring an additional 387 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its position in GFL Environmental by 60.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock worth $42,000 after acquiring an additional 454 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in GFL Environmental in the first quarter valued at $69,000. Finally, First Horizon Advisors Inc. raised its position in GFL Environmental by 43.1% during the third quarter. First Horizon Advisors Inc. now owns 2,531 shares of the company’s stock valued at $80,000 after purchasing an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Up 1.8 %

GFL opened at $33.44 on Wednesday. GFL Environmental has a twelve month low of $26.87 and a twelve month high of $39.06. The company’s 50-day moving average price is $34.12 and its two-hundred day moving average price is $32.77. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 51.22 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.29.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). GFL Environmental had a return on equity of 4.51% and a net margin of 1.25%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. As a group, equities analysts expect that GFL Environmental will post 0.7 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a dividend of $0.014 per share. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Friday, April 12th.

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.