GFL Environmental Inc. (NYSE:GFL) Receives Consensus Rating of “Moderate Buy” from Brokerages

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $52.00.

GFL has been the subject of several research analyst reports. Raymond James set a $56.00 price objective on GFL Environmental and gave the stock an “outperform” rating in a report on Wednesday, April 16th. Citigroup reduced their price target on shares of GFL Environmental from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Scotiabank increased their price objective on shares of GFL Environmental from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 8th. Truist Financial upped their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Finally, National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GFL. Generate Investment Management Ltd purchased a new position in shares of GFL Environmental in the fourth quarter valued at about $15,041,000. Tobam purchased a new position in GFL Environmental in the 4th quarter worth approximately $1,846,000. Raymond James Financial Inc. bought a new position in GFL Environmental in the 4th quarter worth approximately $18,836,000. Bleakley Financial Group LLC grew its holdings in GFL Environmental by 9.9% during the 4th quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company’s stock valued at $354,000 after buying an additional 718 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of GFL Environmental by 7.7% during the third quarter. Geode Capital Management LLC now owns 918,706 shares of the company’s stock valued at $36,296,000 after buying an additional 65,449 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Price Performance

NYSE GFL opened at $47.42 on Wednesday. GFL Environmental has a one year low of $30.57 and a one year high of $49.45. The stock has a 50-day moving average of $46.83 and a 200 day moving average of $44.89. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of -35.65 and a beta of 1.09.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, sell-side analysts forecast that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is presently -3.87%.

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.