GFL Environmental Inc. (NYSE:GFL) Receives $55.00 Average PT from Analysts

GFL Environmental Inc. (NYSE:GFL) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $55.00.

GFL has been the subject of several recent research reports. Zacks Research cut GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Citigroup dropped their price objective on GFL Environmental from $55.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings downgraded GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of GFL Environmental in a report on Wednesday, May 13th. Finally, Scotiabank dropped their price target on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th.

GFL Environmental Stock Down 1.0%

Shares of GFL stock opened at $37.39 on Monday. The firm’s fifty day moving average price is $36.78 and its two-hundred day moving average price is $40.81. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.32. GFL Environmental has a 1 year low of $33.33 and a 1 year high of $51.51. The firm has a market capitalization of $13.41 billion, a P/E ratio of 116.85, a PEG ratio of 2.94 and a beta of 0.71.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. On average, equities analysts predict that GFL Environmental will post 0.54 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 13th were issued a dividend of $0.0169 per share. The ex-dividend date was Monday, April 13th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. GFL Environmental’s dividend payout ratio is 21.88%.

Institutional Trading of GFL Environmental

Hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new position in shares of GFL Environmental during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. bought a new position in GFL Environmental during the third quarter worth $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the last quarter. Whipplewood Advisors LLC bought a new position in GFL Environmental in the 1st quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

About GFL Environmental

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.