GFL Environmental Inc. (NYSE:GFL) Given Average Recommendation of "Buy" by Analysts

Key Points

• GFL Environmental Inc. has received an average rating of "Buy" from fourteen brokerages, with a 1-year price target of $58.50.
• The company recently announced a quarterly dividend of $0.0154 per share, representing a yield of 0.1%.
• GFL Environmental's latest quarterly earnings showed revenue of $1.23 billion, which was below the consensus estimate of $1.68 billion.

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has been assigned an average recommendation of "Buy" from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $58.50.

Several equities research analysts recently commented on GFL shares. William Blair initiated coverage on shares of GFL Environmental in a report on Thursday, September 25th. They issued an "outperform" rating for the company. Raymond James Financial set a $57.00 target price on shares of GFL Environmental and gave the company an "outperform" rating in a research report on Monday, October 6th. Scotiabank set a $58.00 price target on shares of GFL Environmental in a research note on Friday. Barclays initiated coverage on shares of GFL Environmental in a research note on Friday, September 19th. They issued an "overweight" rating and a $62.00 price target on the stock. Finally, Truist Financial increased their target price on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a report on Friday, August 1st.

GFL Environmental Price Performance

NYSE:GFL opened at $45.59 on Wednesday. GFL Environmental has a 52 week low of $39.63 and a 52 week high of $52.00. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $16.56 billion, a PE ratio of 7.18 and a beta of 1.17. The stock's 50-day moving average price is $48.09 and its 200-day moving average price is $48.54.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.GFL Environmental's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid 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 Wednesday, October 15th. GFL Environmental's payout ratio is 0.94%.

Institutional Investors Weigh In On GFL Environmental

A number of large investors have recently made changes to their positions in GFL. Munro Partners acquired a new stake in shares of GFL Environmental in the 2nd quarter worth $12,926,000. Boussard & Gavaudan Investment Management LLP grew its holdings in shares of GFL Environmental by 14.3% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 66,058 shares of the company's stock valued at $3,299,000 after purchasing an additional 8,288 shares during the period. Hudson Bay Capital Management LP grew its holdings in shares of GFL Environmental by 823.0% in the second quarter. Hudson Bay Capital Management LP now owns 197,366 shares of the company's stock valued at $9,959,000 after purchasing an additional 224,666 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of GFL Environmental by 10.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 96,188 shares of the company's stock valued at $4,803,000 after purchasing an additional 8,898 shares during the period. Finally, SkyView Investment Advisors LLC grew its holdings in shares of GFL Environmental by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 23,068 shares of the company's stock valued at $1,147,000 after purchasing an additional 443 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

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.

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