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

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

A number of research firms have recently commented on GFL. Royal Bank of Canada lifted their target price on GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Raymond James lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Truist Financial increased their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. UBS Group boosted their target price 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 lifted 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 Performance

Shares of GFL Environmental stock traded up $0.11 during midday trading on Friday, hitting $45.88. The company had a trading volume of 1,253,941 shares, compared to its average volume of 1,240,156. The company has a fifty day simple moving average of $41.63 and a 200 day simple moving average of $39.24. The stock has a market cap of $18.05 billion, a price-to-earnings ratio of -34.50 and a beta of 1.15. GFL Environmental has a 12-month low of $26.87 and a 12-month high of $46.48. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

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, beating the consensus estimate 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 business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, analysts predict that GFL Environmental will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's dividend payout ratio (DPR) is -4.51%.

Institutional Investors Weigh In On GFL Environmental

A number of hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC grew its stake in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after buying an additional 254 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock worth $44,000 after purchasing an additional 975 shares during the period. Fifth Third Bancorp increased its stake in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after acquiring an additional 459 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in GFL Environmental during the third quarter valued at $60,000. Finally, Tobam raised its stake in shares of GFL Environmental by 139.5% during the 2nd quarter. Tobam now owns 1,751 shares of the company's stock worth $68,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors and hedge funds 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.