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

GFL Environmental Inc. (NYSE:GFL) has been assigned an average recommendation of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $57.0833.

GFL has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of GFL Environmental in a research note on Tuesday, December 23rd. Stifel Nicolaus initiated coverage on GFL Environmental in a research note on Tuesday, September 30th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a report on Friday, November 7th. UBS Group increased their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company initiated coverage on shares of GFL Environmental in a research report on Thursday, November 13th. They issued an “overweight” rating on the stock.

Hedge Funds Weigh In On GFL Environmental

A number of large investors have recently made changes to their positions in GFL. Munro Partners purchased a new position in GFL Environmental during the 2nd quarter valued at about $12,926,000. JPMorgan Chase & Co. lifted its holdings in shares of GFL Environmental by 11.8% in the second quarter. JPMorgan Chase & Co. now owns 994,849 shares of the company’s stock worth $50,200,000 after buying an additional 105,186 shares in the last quarter. S&CO Inc. boosted its position in shares of GFL Environmental by 86.6% in the second quarter. S&CO Inc. now owns 114,260 shares of the company’s stock valued at $5,765,000 after acquiring an additional 53,030 shares during the period. Intech Investment Management LLC purchased a new position in GFL Environmental during the second quarter valued at approximately $457,000. Finally, Korea Investment CORP grew its stake in GFL Environmental by 90.1% during the second quarter. Korea Investment CORP now owns 117,099 shares of the company’s stock valued at $5,899,000 after acquiring an additional 55,500 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Down 0.0%

GFL Environmental stock opened at $43.23 on Monday. GFL Environmental has a twelve month low of $41.29 and a twelve month high of $52.00. The firm has a 50 day moving average price of $44.45 and a 200-day moving average price of $46.93. The company has a market capitalization of $15.52 billion, a P/E ratio of 6.78 and a beta of 0.89. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

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

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.