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

GFL Environmental Inc. (NYSE:GFL) has earned an average rating of “Buy” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $57.0833.

GFL has been the topic of several research reports. William Blair began coverage on GFL Environmental in a research note on Thursday, September 25th. They set an “outperform” rating on the stock. Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the stock an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of GFL Environmental in a research note on Wednesday, October 8th. UBS Group boosted their target price on GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, Wells Fargo & Company initiated coverage on GFL Environmental in a research report on Thursday, November 13th. They issued an “overweight” rating on the stock.

GFL Environmental Stock Performance

NYSE:GFL opened at $44.89 on Thursday. GFL Environmental has a fifty-two week low of $41.29 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.69. The company has a 50 day moving average price of $45.18 and a 200 day moving average price of $47.64. The stock has a market capitalization of $16.31 billion, a P/E ratio of 7.04 and a beta of 0.89.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts forecast that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 15th. GFL Environmental’s dividend payout ratio is presently 0.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFL. Berbice Capital Management LLC acquired a new stake in shares of GFL Environmental during the second quarter worth about $25,000. Sunbelt Securities Inc. purchased a new position in GFL Environmental during the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its position in GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after buying an additional 219 shares during the period. Compass Financial Services Inc lifted its stake in GFL Environmental by 63.0% in the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after buying an additional 317 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of GFL Environmental by 45.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after acquiring an additional 304 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

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.