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

GFL Environmental Inc. (NYSE:GFL) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.00.

A number of research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. UBS Group upped their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial increased their price objective 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 boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

GFL Environmental Stock Down 1.5 %

Shares of NYSE GFL opened at $41.85 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 business’s 50 day moving average is $44.99 and its two-hundred day moving average is $42.03. GFL Environmental has a 52-week low of $30.57 and a 52-week high of $48.87. The firm has a market cap of $16.46 billion, a price-to-earnings ratio of -31.46 and a beta of 1.17.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (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 for the quarter, compared to the consensus estimate of $1.49 billion. Research analysts predict that GFL Environmental will post 0.59 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

Hedge Funds Weigh In On GFL Environmental

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in shares of GFL Environmental during the 2nd quarter worth approximately $201,000. DekaBank Deutsche Girozentrale boosted its stake in GFL Environmental by 3.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock valued at $838,000 after acquiring an additional 664 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of GFL Environmental by 56.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,784 shares of the company’s stock worth $809,000 after purchasing an additional 7,491 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of GFL Environmental by 21.6% during the second quarter. Envestnet Asset Management Inc. now owns 126,693 shares of the company’s stock worth $4,932,000 after purchasing an additional 22,481 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of GFL Environmental in the 2nd quarter valued at about $1,409,000. 64.70% of the stock is owned by institutional investors and hedge funds.

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.