GFL Environmental Inc. (NYSE:GFL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $45.80.

Several research firms have recently weighed in on GFL. Raymond James lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Truist Financial boosted their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 8th. UBS Group raised their price target on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Scotiabank increased their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th.

GFL Environmental Stock Down 0.8 %

Shares of GFL stock traded down $0.35 during trading hours on Thursday, reaching $45.08. The company had a trading volume of 2,383,238 shares, compared to its average volume of 1,215,868. The company has a market cap of $17.73 billion, a price-to-earnings ratio of -33.89 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $48.87. The business has a fifty day simple moving average of $43.95 and a 200-day simple moving average of $41.08.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, research analysts expect that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a $0.014 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is -3.76%.

Hedge Funds Weigh In On GFL Environmental

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Seven Grand Managers LLC purchased a new position in GFL Environmental in the 3rd quarter worth $1,994,000. Harbor Capital Advisors Inc. lifted its holdings in shares of GFL Environmental by 115.3% during the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company's stock worth $1,977,000 after purchasing an additional 26,542 shares during the period. FMR LLC boosted its position 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 buying an additional 1,728,598 shares during the last quarter. Copeland Capital Management LLC increased its holdings in GFL Environmental by 2.2% in the 3rd quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock worth $36,745,000 after buying an additional 19,675 shares during the period. Finally, Forsta AP Fonden purchased a new position in GFL Environmental during the 3rd quarter worth approximately $1,761,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

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.