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

GFL Environmental Inc. (NYSE:GFL) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $55.00.

Several brokerages recently weighed in on GFL. Weiss Ratings lowered GFL Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Zacks Research raised GFL Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada increased their price target on GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Barclays raised their price objective on GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Citigroup reduced 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.

GFL Environmental Price Performance

Shares of GFL stock opened at $37.20 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.51 and a quick ratio of 0.58. The company has a market capitalization of $13.31 billion, a PE ratio of 116.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.78. The firm’s 50-day moving average is $41.66 and its two-hundred day moving average is $43.03. GFL Environmental has a 12 month low of $36.17 and a 12 month high of $51.51.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) EPS. Analysts predict that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 13th were paid a $0.0169 dividend. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. GFL Environmental’s payout ratio is presently 21.88%.

Hedge Funds Weigh In On GFL Environmental

Several large investors have recently made changes to their positions in GFL. Aster Capital Management DIFC Ltd acquired a new stake in GFL Environmental in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new position in GFL Environmental during the third quarter worth $33,000. EverSource Wealth Advisors LLC boosted its position in shares of GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after buying an additional 219 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of GFL Environmental during the first quarter worth $32,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of 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 in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.