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

GFL Environmental Inc. (NYSE:GFL) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $54.8889.

A number of research analysts have commented on the company. Weiss Ratings downgraded GFL Environmental from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Scotiabank reduced their price target on GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating for the company in a report on Monday, May 4th. Zacks Research downgraded shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of GFL Environmental in a research note on Wednesday, May 13th. Finally, Citigroup set a $51.00 target price on GFL Environmental and gave the company a “buy” rating in a report on Monday, July 6th.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of GFL Environmental in the fourth quarter worth $25,000. Sunbelt Securities Inc. bought a new stake in GFL Environmental during the third quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its position in shares of GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of GFL Environmental in the first quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of GFL Environmental by 45.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Price Performance

NYSE GFL opened at $38.31 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 119.73, a price-to-earnings-growth ratio of 2.97 and a beta of 0.70. The company has a 50 day simple moving average of $36.86 and a 200-day simple moving average of $40.21. GFL Environmental has a 52-week low of $33.33 and a 52-week high of $51.51.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. Equities research analysts predict that GFL Environmental will post 0.56 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 13th will be issued a dividend of $0.0169 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. GFL Environmental’s dividend payout ratio is currently 18.75%.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.