GFL Environmental Inc. (NYSE:GFL) Receives Average Recommendation of “Buy” from Analysts

GFL Environmental Inc. (NYSE:GFL) has been given an average recommendation of “Buy” by the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $57.0833.

A number of research analysts have recently issued reports on the company. Stifel Nicolaus began coverage on GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating on the stock. William Blair started coverage on shares of GFL Environmental in a research report on Thursday, September 25th. They issued an “outperform” rating on the stock. Raymond James Financial set a $57.00 price objective on shares of GFL Environmental and gave the company an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group assumed coverage on shares of GFL Environmental in a research note on Monday, November 24th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, Wells Fargo & Company assumed coverage on shares of GFL Environmental in a research note on Thursday, November 13th. They set an “overweight” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GFL. Swiss Life Asset Management Ltd boosted its position in GFL Environmental by 3.1% during the third quarter. Swiss Life Asset Management Ltd now owns 17,017 shares of the company’s stock worth $808,000 after purchasing an additional 516 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of GFL Environmental by 35.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,344,569 shares of the company’s stock worth $63,706,000 after buying an additional 349,720 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of GFL Environmental by 88,339.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 250,283 shares of the company’s stock worth $11,858,000 after buying an additional 250,000 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in GFL Environmental in the 3rd quarter valued at about $11,858,000. Finally, Sunbelt Securities Inc. acquired a new stake in GFL Environmental in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $44.89 on Thursday. The company has a 50-day simple moving average of $45.18 and a 200-day simple moving average of $47.64. GFL Environmental has a one year low of $41.29 and a one year 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 stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 7.04 and a beta of 0.89.

GFL Environmental (NYSE:GFL) last released its quarterly 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). The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. On average, analysts predict that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

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

GFL Environmental Company Profile

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.