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

GFL Environmental Inc. (NYSE:GFL) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $56.6667.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of GFL Environmental in a research note on Monday, November 24th. They set a “neutral” rating and a $50.00 price objective for the company. Royal Bank Of Canada boosted their price target on GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Citigroup dropped their price target on GFL Environmental from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Wolfe Research began coverage on GFL Environmental in a research note on Friday. They issued an “outperform” rating on the stock. Finally, Barclays boosted their target price on GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th.

GFL Environmental Price Performance

GFL opened at $42.99 on Friday. GFL Environmental has a 1 year low of $40.83 and a 1 year high of $52.00. The company’s 50 day simple moving average is $43.24 and its 200 day simple moving average is $44.69. The stock has a market capitalization of $15.39 billion, a PE ratio of 6.32, a P/E/G ratio of 3.37 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.67 billion. GFL Environmental had a net margin of 56.61% and a return on equity of 3.66%. GFL Environmental’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.58) earnings per share. As a group, sell-side analysts expect that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th were given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, January 13th. GFL Environmental’s payout ratio is 0.88%.

Institutional Investors Weigh In On GFL Environmental

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position in GFL Environmental by 542.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company’s stock worth $269,000 after purchasing an additional 5,295 shares during the period. Tobam grew its stake in shares of GFL Environmental by 10.5% in the fourth quarter. Tobam now owns 3,079 shares of the company’s stock valued at $132,000 after buying an additional 293 shares in the last quarter. Skyview Financial Group LLC purchased a new stake in shares of GFL Environmental during the 4th quarter valued at about $490,000. Mackenzie Financial Corp raised its holdings in shares of GFL Environmental by 82.0% during the 4th quarter. Mackenzie Financial Corp now owns 563,108 shares of the company’s stock valued at $24,545,000 after buying an additional 253,764 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in GFL Environmental during the 4th quarter worth approximately $5,938,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.