GFL Environmental Inc. (NYSE:GFL) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.64.

GFL has been the subject of a number of research analyst reports. Raymond James lifted their price objective on shares of GFL Environmental from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. Royal Bank of Canada boosted their target price on shares of GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets cut shares of GFL Environmental from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $43.00 to $42.00 in a research report on Tuesday, July 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GFL. Dimensional Fund Advisors LP increased its stake in shares of GFL Environmental by 54.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 552,531 shares of the company's stock valued at $19,068,000 after buying an additional 194,899 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of GFL Environmental in the fourth quarter valued at approximately $208,000. Massachusetts Financial Services Co. MA increased its stake in shares of GFL Environmental by 3.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,022,382 shares of the company's stock valued at $449,402,000 after buying an additional 478,412 shares during the period. Ironwood Investment Counsel LLC acquired a new position in shares of GFL Environmental in the fourth quarter valued at approximately $274,000. Finally, Norges Bank bought a new stake in GFL Environmental in the fourth quarter valued at approximately $85,441,000. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Performance

GFL stock traded up $0.18 during midday trading on Tuesday, reaching $39.98. 727,196 shares of the company were exchanged, compared to its average volume of 1,219,058. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day moving average price of $40.12 and a two-hundred day moving average price of $36.52. GFL Environmental has a one year low of $26.87 and a one year high of $43.79. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 83.04 and a beta of 1.16.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.51 billion. Equities research analysts forecast that GFL Environmental will post 0.62 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Monday, July 15th.

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.