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

Shares of GFL Environmental Inc. (NYSE:GFL) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $45.80.

Several research analysts have recently issued reports on GFL shares. UBS Group lifted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank lifted their price objective on GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Finally, Raymond James increased their target price on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

Institutional Trading of GFL Environmental

Institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of GFL Environmental by 7.4% during the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of GFL Environmental by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company’s stock valued at $471,287,000 after acquiring an additional 257,486 shares in the last quarter. Fred Alger Management LLC increased its position in shares of GFL Environmental by 64.3% during the third quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock worth $407,619,000 after acquiring an additional 3,999,363 shares during the last quarter. Millennium Management LLC grew its stake in GFL Environmental by 40.0% during the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company’s stock valued at $219,922,000 after purchasing an additional 1,614,182 shares in the last quarter. Finally, Maverick Capital Ltd. boosted its stake in shares of GFL Environmental by 11.3% during the 3rd quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company’s stock valued at $145,889,000 after buying an additional 372,534 shares during the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 1.3 %

NYSE GFL opened at $44.18 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $17.38 billion, a P/E ratio of -33.22 and a beta of 1.17. GFL Environmental has a 52-week low of $30.57 and a 52-week high of $48.87. The firm has a 50-day moving average price of $45.04 and a 200 day moving average price of $41.90.

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

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a dividend of $0.014 per share. The ex-dividend date is Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental’s payout ratio is currently -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.