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

Shares of GFL Environmental Inc. (NYSE:GFL) have been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $55.00.

Several research firms have recently issued reports on GFL. Citigroup cut their price objective on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings downgraded shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. JPMorgan Chase & Co. downgraded shares of GFL Environmental from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $49.00 to $42.00 in a report on Tuesday, April 14th. Scotiabank dropped their target price on GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, May 13th.

GFL Environmental Stock Performance

GFL opened at $34.89 on Thursday. GFL Environmental has a 52-week low of $34.84 and a 52-week high of $51.51. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.32. The company has a market cap of $12.49 billion, a P/E ratio of 109.02, a price-to-earnings-growth ratio of 2.76 and a beta of 0.78. The firm’s 50-day moving average price is $39.52 and its 200-day moving average price is $42.20.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that GFL Environmental will post 0.54 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 13th were given a $0.0169 dividend. This is an increase from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, April 13th. GFL Environmental’s payout ratio is currently 21.88%.

Institutional Investors Weigh In On GFL Environmental

Large investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in GFL Environmental in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new stake in GFL Environmental in the first quarter valued at approximately $32,000. Sunbelt Securities Inc. purchased a new stake in GFL Environmental in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its position in GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 219 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in 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 buying an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Company Profile

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.