GFL Environmental (NYSE:GFL) Now Covered by Stifel Nicolaus

Stifel Nicolaus began coverage on shares of GFL Environmental (NYSE:GFL) in a research report report published on Tuesday. The brokerage issued a buy rating on the stock.

GFL has been the topic of a number of other reports. Barclays initiated coverage on GFL Environmental in a report on Friday, September 19th. They set an “overweight” rating and a $62.00 target price on the stock. Scotiabank lifted their price target on GFL Environmental from $56.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 1st. Citigroup lifted their price target on GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Truist Financial lifted their price target on GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada lifted their price target on GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, GFL Environmental presently has a consensus rating of “Buy” and a consensus price target of $58.75.

GFL Environmental Price Performance

NYSE:GFL opened at $47.43 on Tuesday. The business’s 50-day moving average price is $48.68 and its 200 day moving average price is $48.67. The firm has a market cap of $17.23 billion, a P/E ratio of 7.47 and a beta of 1.11. GFL Environmental has a 52-week low of $39.02 and a 52-week high of $52.00. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.GFL Environmental’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were given a dividend of $0.0154 per share. The ex-dividend date was Monday, July 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

Institutional Investors Weigh In On GFL Environmental

A number of institutional investors have recently bought and sold shares of GFL. Public Employees Retirement System of Ohio boosted its position in GFL Environmental by 21.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company’s stock worth $846,000 after acquiring an additional 3,295 shares during the period. Versant Capital Management Inc boosted its position in GFL Environmental by 3,470.3% during the 1st quarter. Versant Capital Management Inc now owns 1,321 shares of the company’s stock worth $64,000 after acquiring an additional 1,284 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of GFL Environmental during the 1st quarter valued at about $53,000. Merit Financial Group LLC lifted its holdings in shares of GFL Environmental by 63.6% during the 1st quarter. Merit Financial Group LLC now owns 41,600 shares of the company’s stock valued at $2,010,000 after buying an additional 16,171 shares during the last quarter. Finally, Barton Investment Management lifted its holdings in shares of GFL Environmental by 0.8% during the 1st quarter. Barton Investment Management now owns 417,878 shares of the company’s stock valued at $20,188,000 after buying an additional 3,280 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.