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

GFL Environmental Inc. (NYSE:GFL) has earned an average rating of “Buy” from the sixteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $57.0833.

Several brokerages have commented on GFL. Wells Fargo & Company assumed coverage on shares of GFL Environmental in a research report on Thursday, November 13th. They set an “overweight” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GFL Environmental in a research note on Wednesday, October 8th. Scotiabank set a $58.00 price objective on GFL Environmental in a report on Friday, October 10th. JPMorgan Chase & Co. cut their target price on GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Barclays started coverage on GFL Environmental in a report on Friday, September 19th. They set an “overweight” rating and a $62.00 target price on the stock.

GFL Environmental Stock Down 0.0%

Shares of NYSE GFL opened at $44.72 on Thursday. GFL Environmental has a 1 year low of $41.29 and a 1 year high of $52.00. The firm’s 50-day moving average is $45.06 and its 200-day moving average is $47.53. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $16.25 billion, a PE ratio of 7.01 and a beta of 0.89.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts expect that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.0154 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

Institutional Investors Weigh In On GFL Environmental

Large investors have recently bought and sold shares of the company. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the second quarter worth $25,000. Sunbelt Securities Inc. bought a new stake in shares of GFL Environmental in the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC increased its position in shares of GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 219 shares in the last quarter. Compass Financial Services Inc raised its stake in GFL Environmental by 63.0% during the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after buying an additional 317 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

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.