GFL Environmental (NYSE:GFL) Upgraded by Seaport Res Ptn to Strong-Buy Rating

Seaport Res Ptn upgraded shares of GFL Environmental (NYSE:GFL) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. UBS Group boosted their price target on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a report on Friday, April 4th. Scotiabank reissued an “outperform” rating on shares of GFL Environmental in a report on Monday. Raymond James reaffirmed an “outperform” rating and issued a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada raised their target price on GFL Environmental from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $54.14.

GFL Environmental Stock Down 1.6 %

NYSE:GFL opened at $50.43 on Tuesday. The firm has a market capitalization of $19.84 billion, a P/E ratio of -37.91 and a beta of 1.08. The company’s fifty day moving average price is $47.84 and its 200-day moving average price is $45.61. GFL Environmental has a 1-year low of $30.57 and a 1-year high of $52.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio is 1.23%.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of GFL Environmental by 6.3% in the third quarter. Tidal Investments LLC now owns 20,853 shares of the company’s stock worth $832,000 after acquiring an additional 1,238 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in GFL Environmental during the 4th quarter worth $248,000. Avanza Fonder AB purchased a new stake in shares of GFL Environmental during the fourth quarter worth $1,063,000. Goldstein Advisors LLC raised its position in shares of GFL Environmental by 20.8% in the fourth quarter. Goldstein Advisors LLC now owns 7,418 shares of the company’s stock valued at $330,000 after buying an additional 1,278 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new position in shares of GFL Environmental in the fourth quarter worth about $27,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.