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

Shares of GFL Environmental Inc. (NYSE:GFL) have received an average rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $49.56.

A number of equities analysts recently weighed in on GFL shares. Royal Bank of Canada reissued an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. UBS Group boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Scotiabank decreased their target price on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. Truist Financial boosted their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Raymond James raised their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On GFL Environmental

Hedge funds and other institutional investors have recently made changes to their positions in the business. Polar Asset Management Partners Inc. lifted its holdings in shares of GFL Environmental by 241.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company’s stock valued at $5,344,000 after purchasing an additional 84,851 shares in the last quarter. Mackenzie Financial Corp lifted its stake in GFL Environmental by 74.2% during the 4th quarter. Mackenzie Financial Corp now owns 231,348 shares of the company’s stock valued at $10,302,000 after acquiring an additional 98,539 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in GFL Environmental by 21.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company’s stock worth $846,000 after acquiring an additional 3,295 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GFL Environmental by 151.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,684 shares of the company’s stock worth $19,806,000 after acquiring an additional 267,932 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of GFL Environmental by 42.2% in the fourth quarter. Squarepoint Ops LLC now owns 28,895 shares of the company’s stock valued at $1,287,000 after purchasing an additional 8,580 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Up 3.2 %

Shares of NYSE GFL opened at $46.62 on Tuesday. The company has a 50 day simple moving average of $44.42 and a 200 day simple moving average of $43.24. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental has a 1 year low of $30.57 and a 1 year high of $48.87. The firm has a market cap of $18.34 billion, a PE ratio of -35.05 and a beta of 1.17.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. On average, research analysts forecast that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s payout ratio is -3.23%.

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.