GFL Environmental Inc. (NYSE:GFL) Given Average Rating of “Buy” by Analysts

Shares of GFL Environmental Inc. (NYSE:GFL) have been given a consensus recommendation of “Buy” by the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $57.0833.

Several brokerages have recently commented on GFL. Wells Fargo & Company initiated coverage on GFL Environmental in a research note on Thursday, November 13th. They set an “overweight” rating on the stock. 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 report on Monday, November 10th. Stifel Nicolaus started coverage on shares of GFL Environmental in a research report on Tuesday, September 30th. They set a “buy” rating on the stock. William Blair initiated coverage on shares of GFL Environmental in a report on Thursday, September 25th. They issued an “outperform” rating for the company. Finally, 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 research note on Friday, November 7th.

GFL Environmental Stock Up 0.6%

Shares of NYSE GFL opened at $44.40 on Thursday. GFL Environmental has a 52-week low of $41.29 and a 52-week high of $52.00. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 6.96 and a beta of 0.89. The stock has a 50 day moving average price of $44.94 and a 200 day moving average price of $47.47. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.69.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm 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 company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. Sell-side analysts expect that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The business 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 was Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio is currently 0.94%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GFL. Cetera Investment Advisers boosted its position in GFL Environmental by 43.1% during the first quarter. Cetera Investment Advisers now owns 17,516 shares of the company’s stock valued at $846,000 after purchasing an additional 5,278 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of GFL Environmental by 14.2% in the 1st quarter. LPL Financial LLC now owns 146,485 shares of the company’s stock valued at $7,077,000 after buying an additional 18,232 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of GFL Environmental in the 1st quarter valued at about $259,000. US Bancorp DE grew its position in shares of GFL Environmental by 25.1% in the 1st quarter. US Bancorp DE now owns 3,614 shares of the company’s stock worth $175,000 after buying an additional 724 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of GFL Environmental by 22.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,838 shares of the company’s stock worth $475,000 after acquiring an additional 1,831 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

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.