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

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $45.80.

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

GFL Environmental Stock Performance

Shares of NYSE GFL traded down $0.51 during midday trading on Monday, reaching $42.47. 1,028,154 shares of the company traded hands, compared to its average volume of 1,541,785. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a market cap of $16.71 billion, a price-to-earnings ratio of -31.94 and a beta of 1.17. The stock has a 50-day moving average price of $45.11 and a 200 day moving average price of $41.98. 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 (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.49 billion. Sell-side analysts anticipate that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

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 $0.014 dividend. The ex-dividend date is Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is presently -4.51%.

Institutional Investors Weigh In On GFL Environmental

Several hedge funds have recently bought and sold shares of GFL. Continuum Advisory LLC increased 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 period. Spartan Fund Management Inc. purchased a new position in GFL Environmental during the third quarter valued at approximately $60,000. Avior Wealth Management LLC acquired a new position in GFL Environmental in the 3rd quarter valued at approximately $82,000. US Bancorp DE lifted its position in GFL Environmental by 51.5% in the 3rd quarter. US Bancorp DE now owns 2,569 shares of the company's stock worth $102,000 after buying an additional 873 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of GFL Environmental by 30.7% during the 3rd quarter. Signaturefd LLC now owns 2,808 shares of the company's stock valued at $112,000 after buying an additional 659 shares during the period. 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.