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

Key Points

• GFL Environmental Inc. has received a consensus recommendation of "Buy" from eleven research firms, with an average target price of $57.86.
• The company reported a 5.9% year-over-year increase in revenue, totaling $1.23 billion, but earnings per share met analysts' expectations at $0.19.
• Recently, GFL Environmental disclosed a quarterly dividend of $0.0154, reflecting an annualized yield of 0.1%.

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has been assigned an average rating of "Buy" from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $57.8571.

Several research firms have recently commented on GFL. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Royal Bank Of Canada boosted their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Truist Financial boosted their price target on shares of GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a report on Friday, August 1st. Scotiabank boosted their price target on shares of GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a report on Friday, August 1st. Finally, Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th.

GFL Environmental Trading Down 0.5%

Shares of GFL stock traded down $0.24 during trading hours on Tuesday, reaching $49.67. 661,568 shares of the stock were exchanged, compared to its average volume of 1,304,656. GFL Environmental has a 12-month low of $38.78 and a 12-month high of $52.00. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The company's 50-day moving average price is $49.15 and its 200-day moving average price is $48.39. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 7.82 and a beta of 1.00.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $1.23 billion during 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were paid 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 was Monday, July 14th. GFL Environmental's payout ratio is 0.94%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company's stock worth $37,000 after acquiring an additional 219 shares in the last quarter. AGP Franklin LLC boosted its holdings in shares of GFL Environmental by 3.7% in the 2nd quarter. AGP Franklin LLC now owns 7,427 shares of the company's stock valued at $375,000 after acquiring an additional 262 shares during the last quarter. Compass Financial Services Inc boosted its holdings in shares of GFL Environmental by 63.0% in the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company's stock valued at $41,000 after acquiring an additional 317 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in GFL Environmental by 6.8% during the second quarter. Engineers Gate Manager LP now owns 5,187 shares of the company's stock worth $262,000 after buying an additional 331 shares in the last quarter. Finally, Millstone Evans Group LLC boosted its holdings in 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 buying an additional 334 shares in the last quarter. Institutional investors 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.