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

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $49.63.

A number of equities analysts recently commented on the stock. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Scotiabank increased their target price on GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Citigroup assumed coverage on GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price objective for the company.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $47.78 on Friday. The firm has a market capitalization of $18.80 billion, a PE ratio of -35.93 and a beta of 1.16. 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 $49.35. The business’s 50-day moving average price is $45.60 and its 200-day moving average price is $43.91.

GFL Environmental (NYSE:GFL) last issued 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. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Sell-side analysts forecast that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s payout ratio is presently -3.23%.

Institutional Investors Weigh In On GFL Environmental

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after buying an additional 306 shares during the period. Berbice Capital Management LLC bought a new position in shares of GFL Environmental in the 4th quarter worth about $27,000. Continuum Advisory LLC lifted its position in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after acquiring an additional 254 shares during the period. Natixis purchased a new position in GFL Environmental during the 4th quarter valued at about $49,000. Finally, SRH Advisors LLC bought a new stake in GFL Environmental during the fourth quarter worth about $89,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

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.