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

GFL Environmental Inc. (NYSE:GFL) has earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $49.00.

GFL has been the subject of a number of research analyst reports. Raymond James increased their price target on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Scotiabank lowered their target price on shares of 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. Citigroup assumed coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price target on the stock. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Truist Financial upped their target price on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

GFL Environmental Stock Performance

Shares of GFL Environmental stock opened at $46.01 on Friday. The company has a market capitalization of $18.10 billion, a PE ratio of -34.59 and a beta of 1.17. The company has a 50-day simple moving average of $44.42 and a two-hundred day simple moving average of $42.41. GFL Environmental has a one year low of $30.57 and a one year high of $48.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Research analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio is currently -4.51%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFL. Fred Alger Management LLC grew its position in shares of GFL Environmental by 64.3% during the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock valued at $407,619,000 after acquiring an additional 3,999,363 shares during the period. Soros Fund Management LLC boosted its position in GFL Environmental by 487.0% during the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock worth $125,874,000 after purchasing an additional 2,618,589 shares in the last quarter. FMR LLC grew its holdings in GFL Environmental by 7.4% in the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after purchasing an additional 1,728,598 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of GFL Environmental by 162.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company’s stock valued at $50,694,000 after buying an additional 786,044 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of GFL Environmental during the 4th quarter worth approximately $18,836,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

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.