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

GFL Environmental Inc. (NYSE:GFL) has been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $43.56.

A number of brokerages recently issued reports on GFL. Scotiabank initiated coverage on shares of GFL Environmental in a report on Friday, October 4th. They issued a “sector outperform” rating and a $50.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Raymond James upped their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets downgraded shares of GFL Environmental from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $43.00 to $42.00 in a research report on Tuesday, July 9th.

GFL Environmental Price Performance

Shares of NYSE GFL opened at $41.28 on Wednesday. The firm has a 50-day simple moving average of $40.79 and a 200-day simple moving average of $37.89. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of -27.52 and a beta of 1.16. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. GFL Environmental has a 52 week low of $26.87 and a 52 week high of $43.79.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, July 31st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. On average, equities analysts predict that GFL Environmental will post 0.61 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a $0.014 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. GFL Environmental’s payout ratio is -3.33%.

Institutional Investors Weigh In On GFL Environmental

A number of large investors have recently added to or reduced their stakes in the business. Capital Research Global Investors grew its stake in GFL Environmental by 17.4% in the 1st quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock valued at $684,877,000 after acquiring an additional 2,935,811 shares during the last quarter. Vanguard Group Inc. grew its stake in GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock valued at $273,053,000 after acquiring an additional 683,120 shares during the last quarter. Fred Alger Management LLC grew its stake in GFL Environmental by 7.1% in the 2nd quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company’s stock valued at $242,213,000 after acquiring an additional 411,128 shares during the last quarter. Millennium Management LLC grew its stake in GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company’s stock valued at $219,922,000 after acquiring an additional 1,614,182 shares during the last quarter. Finally, Maverick Capital Ltd. grew its stake in GFL Environmental by 22.1% in the 2nd quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company’s stock valued at $127,911,000 after acquiring an additional 595,259 shares during the last quarter. 64.70% of the stock is 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.