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

GFL Environmental Inc. (NYSE:GFL) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $54.57.

A number of research analysts recently issued reports on GFL shares. Royal Bank of Canada raised their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a research note on Monday, May 5th. Truist Financial raised their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Citigroup raised their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Finally, Seaport Res Ptn upgraded shares of GFL Environmental to a “strong-buy” rating in a research note on Tuesday, May 6th.

Institutional Trading of GFL Environmental

Several institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in shares of GFL Environmental by 10.0% during the 4th quarter. FMR LLC now owns 27,664,678 shares of the company’s stock valued at $1,233,223,000 after acquiring an additional 2,506,021 shares in the last quarter. Capital Research Global Investors lifted its holdings in GFL Environmental by 11.4% during the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company’s stock valued at $1,201,406,000 after purchasing an additional 2,751,618 shares during the last quarter. Fred Alger Management LLC lifted its holdings in GFL Environmental by 1.9% during the 4th quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company’s stock valued at $463,713,000 after purchasing an additional 190,018 shares during the last quarter. Vanguard Group Inc. lifted its holdings in GFL Environmental by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company’s stock valued at $427,166,000 after purchasing an additional 146,256 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in GFL Environmental by 4.4% during the 1st quarter. Royal Bank of Canada now owns 7,883,481 shares of the company’s stock valued at $380,850,000 after purchasing an additional 334,218 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

Shares of GFL opened at $49.38 on Friday. The company’s fifty day moving average is $48.09 and its 200-day moving average is $45.96. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $52.00. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of -37.12 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. Equities analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were issued a $0.0154 dividend. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s dividend payout ratio is 1.23%.

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.