GFL Environmental Inc. (NYSE:GFL) Stock Has Average Target Price of $57.56

Key Points

• Analysts maintain a “Moderate Buy” consensus on GFL Environmental, with nine buy, three hold and two sell ratings. The average 12-month price target is $57.56, compared with the stock’s $45.49 opening price.
• GFL’s latest quarterly results were mixed: revenue rose 16.3% year over year to $1.37 billion and exceeded estimates, but earnings per share came in at $0.14, below the $0.17 consensus.
• Institutional investors and hedge funds own 64.70% of the company, while GFL recently declared a quarterly dividend of $0.0169 per share, equivalent to an annualized yield of about 0.1%.

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $57.56.

Several brokerages recently issued reports on GFL. Scotiabank cut their price objective on shares of GFL Environmental from $57.00 to $55.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of GFL Environmental in a research report on Monday, August 31st. TD Cowen restated a "buy" rating and issued a $65.00 price objective on shares of GFL Environmental in a research report on Friday, September 11th. Weiss Ratings raised shares of GFL Environmental from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 26th. Finally, Barclays began coverage on shares of GFL Environmental in a research report on Wednesday, September 2nd. They set an "overweight" rating and a $58.00 price target for the company.

Hedge Funds Weigh In On GFL Environmental

Institutional investors have recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of GFL Environmental during the 1st quarter worth $32,000. Integrated Wealth Concepts LLC purchased a new stake in shares of GFL Environmental in the second quarter valued at about $31,000. GAMMA Investing LLC grew its holdings in shares of GFL Environmental by 853.7% during the third quarter. GAMMA Investing LLC now owns 1,030 shares of the company's stock worth $43,000 after buying an additional 922 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of GFL Environmental by 36.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company's stock worth $56,000 after acquiring an additional 360 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of GFL Environmental by 256.9% during the 1st quarter. Parallel Advisors LLC now owns 1,542 shares of the company's stock worth $64,000 after purchasing an additional 1,110 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $45.49 on Friday. GFL Environmental has a 12 month low of $33.33 and a 12 month high of $46.76. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.34. The stock has a 50 day moving average of $42.40 and a 200 day moving average of $39.82. The firm has a market cap of $16.42 billion, a PE ratio of -85.83, a PEG ratio of 3.52 and a beta of 0.72.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.33 billion. GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The firm's revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. On average, research analysts expect that GFL Environmental will post 0.55 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a $0.0169 dividend. This represents a $0.07 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. GFL Environmental's dividend payout ratio is currently -13.21%.

GFL Environmental Company Profile

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company's operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.

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