GFL Environmental Inc. (NYSE:GFL) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $49.63.

A number of research analysts have recently weighed in on GFL shares. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Scotiabank raised their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 5th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Citigroup began coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a "buy" rating and a $53.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th.

GFL Environmental Price Performance

Shares of GFL traded up $0.62 during mid-day trading on Friday, hitting $48.38. The company's stock had a trading volume of 2,144,476 shares, compared to its average volume of 1,381,229. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 1-year low of $30.57 and a 1-year high of $49.35. The firm has a market capitalization of $19.03 billion, a P/E ratio of -36.37 and a beta of 1.16. The firm has a 50-day simple moving average of $45.60 and a 200 day simple moving average of $43.96.

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GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Analysts predict that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is presently -3.23%.

Institutional Trading of GFL Environmental

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental in the 4th quarter valued at $27,000. Continuum Advisory LLC boosted its holdings in shares of GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Natixis purchased a new stake in shares of GFL Environmental during the 4th quarter valued at $49,000. Finally, SRH Advisors LLC acquired a new stake in shares of GFL Environmental during the 4th quarter worth $89,000. 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.