GFL Environmental Inc. (NYSE:GFL) Receives Consensus Rating of "Buy" from Analysts

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.

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have earned a consensus recommendation of "Buy" from the twelve research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $58.75.

A number of research analysts have commented on the stock. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Citigroup increased their price target on shares of GFL Environmental from $58.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Royal Bank Of Canada increased their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Truist Financial increased their price target on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Barclays started coverage on shares of GFL Environmental in a research report on Friday. They set an "overweight" rating and a $62.00 price target on the stock.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded down $0.52 during trading hours on Friday, reaching $45.94. 290,140 shares of the company's stock were exchanged, compared to its average volume of 1,593,396. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. GFL Environmental has a 1 year low of $38.78 and a 1 year high of $52.00. The business has a fifty day moving average of $48.80 and a two-hundred day moving average of $48.67. The company has a market capitalization of $16.69 billion, a P/E ratio of 7.24 and a beta of 1.11.

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

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were given 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 dividend payout ratio is currently 0.94%.

Institutional Trading of GFL Environmental

Several hedge funds have recently added to or reduced their stakes in the company. Munro Partners acquired a new stake in GFL Environmental in the second quarter valued at approximately $12,926,000. Boussard & Gavaudan Investment Management LLP raised its holdings in 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 acquiring an additional 8,288 shares in the last quarter. Hudson Bay Capital Management LP raised its holdings in 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 acquiring an additional 224,666 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in 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 acquiring an additional 8,898 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its holdings in 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 acquiring an additional 443 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

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.