GFL Environmental Inc. (NYSE:GFL) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of GFL Environmental Inc. (NYSE:GFL) have been given an average rating of “Buy” by the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $57.0833.

Several brokerages have recently weighed in on GFL. Barclays began coverage on GFL Environmental in a research note on Friday, September 19th. They set an “overweight” rating and a $62.00 target price for the company. Citigroup raised their price objective on GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Scotiabank set a $58.00 price objective on GFL Environmental in a report on Friday, October 10th. Stifel Nicolaus assumed coverage on GFL Environmental in a research note on Tuesday, September 30th. They set a “buy” rating for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of GFL Environmental in a research report on Monday, December 29th.

GFL Environmental Trading Down 0.2%

GFL opened at $42.85 on Monday. The firm’s 50 day moving average is $44.19 and its 200-day moving average is $46.70. GFL Environmental has a 52-week low of $41.29 and a 52-week high of $52.00. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $15.39 billion, a P/E ratio of 6.72 and a beta of 0.88.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. GFL Environmental’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. Analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is currently 0.94%.

Hedge Funds Weigh In On GFL Environmental

Several large investors have recently modified their holdings of GFL. Berbice Capital Management LLC bought a new stake in GFL Environmental in the second quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new position in shares of GFL Environmental in the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its position in shares of GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares in the last quarter. Compass Financial Services Inc increased its holdings in shares of GFL Environmental by 63.0% in the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after acquiring an additional 317 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.