GFL Environmental Inc. (NYSE:GFL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of GFL Environmental Inc. (NYSE:GFL) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $42.83.

A number of brokerages have commented on GFL. Wells Fargo & Company upped their target price on shares of GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Bank of America downgraded GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Friday, January 19th. TheStreet upgraded GFL Environmental from a “d+” rating to a “c” rating in a report on Tuesday, February 20th. BMO Capital Markets raised their price target on GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, UBS Group assumed coverage on shares of GFL Environmental in a research note on Wednesday, January 31st. They issued a “buy” rating and a $44.00 price objective for the company.

GFL Environmental Price Performance

GFL stock opened at $33.39 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25. GFL Environmental has a 12 month low of $26.87 and a 12 month high of $39.06. The stock has a market cap of $12.39 billion, a PE ratio of -333.90 and a beta of 1.13. The company has a 50-day moving average price of $35.07 and a 200 day moving average price of $32.62.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. Equities research analysts anticipate that GFL Environmental will post 0.82 earnings per share for the current year.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.014 per share. The ex-dividend date is Friday, April 12th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 0.17%. GFL Environmental’s payout ratio is currently -50.00%.

Institutional Trading of GFL Environmental

A number of hedge funds have recently modified their holdings of GFL. Norges Bank purchased a new stake in GFL Environmental during the fourth quarter worth $172,545,000. Massachusetts Financial Services Co. MA boosted its stake in shares of GFL Environmental by 55.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock worth $398,396,000 after acquiring an additional 4,490,164 shares in the last quarter. Deutsche Bank AG grew its position in shares of GFL Environmental by 1,143.9% during the 3rd quarter. Deutsche Bank AG now owns 2,811,835 shares of the company’s stock valued at $89,304,000 after acquiring an additional 2,585,786 shares during the period. Capital Research Global Investors increased its stake in shares of GFL Environmental by 16.3% in the 4th quarter. Capital Research Global Investors now owns 16,915,703 shares of the company’s stock valued at $583,761,000 after purchasing an additional 2,365,355 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in GFL Environmental by 67.9% in the 1st quarter. BlackRock Inc. now owns 4,132,297 shares of the company’s stock worth $134,465,000 after purchasing an additional 1,670,653 shares during the period. Hedge funds and other institutional investors 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.