GFL Environmental Inc. (NYSE:GFL) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• GFL Environmental has received an average rating of "Buy" from twelve brokerages, with one hold rating, nine buy ratings, and two strong buy ratings.
• The average price target for GFL Environmental among analysts is $58.75, with notable upgrades from National Bank Financial and Citigroup raising their price targets.
• GFL recently reported earnings per share (EPS) of $0.19 for the quarter, meeting analysts' expectations, but its revenue was below estimates at $1.23 billion.

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has received an average recommendation of "Buy" from the twelve analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $58.75.

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of GFL Environmental from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Royal Bank Of Canada boosted their target price on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Scotiabank boosted their target price on GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, August 1st. Truist Financial upped their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Barclays assumed coverage on shares of GFL Environmental in a research note on Friday. They issued an "overweight" rating and a $62.00 target price on the stock.

Institutional Trading of GFL Environmental

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new position in shares of GFL Environmental in the second quarter worth approximately $25,000. Millstone Evans Group LLC boosted its position in shares of GFL Environmental by 147.8% during the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after acquiring an additional 334 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of GFL Environmental during the first quarter worth $28,000. LRI Investments LLC bought a new position in shares of GFL Environmental during the first quarter worth $34,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company's stock worth $37,000 after acquiring an additional 219 shares during the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 1.2%

NYSE:GFL traded down $0.57 during trading hours on Friday, reaching $45.41. The company's stock had a trading volume of 39,542 shares, compared to its average volume of 1,591,968. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 7.15 and a beta of 1.11. The firm has a 50-day simple moving average of $48.75 and a 200-day simple moving average of $48.67. GFL Environmental has a 1 year low of $38.78 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67.

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

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's payout ratio is presently 0.94%.

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.