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

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $45.80.

GFL has been the subject of several recent analyst reports. Scotiabank boosted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. UBS Group boosted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James raised their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Truist Financial boosted their target price on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GFL. Continuum Advisory LLC boosted its holdings in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. Fifth Third Bancorp grew its holdings in GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after acquiring an additional 459 shares during the period. Spartan Fund Management Inc. acquired a new position in GFL Environmental during the third quarter worth $60,000. Tobam raised its position in GFL Environmental by 139.5% in the second quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in shares of GFL Environmental during the 3rd quarter worth $82,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Price Performance

GFL Environmental stock opened at $45.43 on Thursday. The stock has a market cap of $17.87 billion, a P/E ratio of -34.16 and a beta of 1.16. The company has a fifty day simple moving average of $43.86 and a 200-day simple moving average of $41.05. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $48.87.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts expect that GFL Environmental will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is presently -3.76%.

About GFL Environmental

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.