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

Shares of GFL Environmental Inc. (NYSE:GFL) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently 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 one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $56.5556.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of GFL Environmental in a research note on Tuesday, September 30th. They issued a “buy” rating on the stock. Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the company an “outperform” rating in a report on Monday, October 6th. Citigroup decreased their price objective on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Wells Fargo & Company started coverage on GFL Environmental in a research report on Thursday, November 13th. They set an “overweight” rating for the company. Finally, The Goldman Sachs Group began coverage on GFL Environmental in a research note on Monday, November 24th. They set a “neutral” rating and a $50.00 target price on the stock.

Institutional Trading of GFL Environmental

Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in GFL Environmental in the 2nd quarter worth about $171,945,000. Nordea Investment Management AB grew its stake in GFL Environmental by 40.8% in the 4th quarter. Nordea Investment Management AB now owns 6,673,954 shares of the company’s stock worth $290,083,000 after acquiring an additional 1,932,442 shares in the last quarter. UBS Group AG increased its position in shares of GFL Environmental by 203.9% during the third quarter. UBS Group AG now owns 1,946,471 shares of the company’s stock worth $92,224,000 after acquiring an additional 1,305,953 shares during the period. American Century Companies Inc. increased its position in shares of GFL Environmental by 25.5% during the third quarter. American Century Companies Inc. now owns 6,023,139 shares of the company’s stock worth $285,377,000 after acquiring an additional 1,225,108 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of GFL Environmental by 9.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,201,976 shares of the company’s stock valued at $481,125,000 after acquiring an additional 977,344 shares in the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 1.5%

Shares of NYSE GFL opened at $43.80 on Friday. GFL Environmental has a 1-year low of $40.83 and a 1-year high of $52.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. The business’s 50 day moving average is $43.84 and its two-hundred day moving average is $45.98. The stock has a market capitalization of $15.73 billion, a P/E ratio of 6.87 and a beta of 0.88.

GFL Environmental (NYSE:GFL) last announced its 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). The company had revenue of $1.22 billion during 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%.GFL Environmental’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. As a group, research analysts expect 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 will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be paid a $0.0154 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) 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.