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

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 given a consensus recommendation of "Buy" by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $57.8571.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price objective on the stock. Royal Bank Of Canada raised their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Scotiabank raised their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Truist Financial raised their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th.

GFL Environmental Stock Up 1.5%

Shares of NYSE:GFL traded up $0.75 during midday trading on Tuesday, reaching $50.07. 716,384 shares of the company were exchanged, compared to its average volume of 1,143,291. GFL Environmental has a fifty-two week low of $38.78 and a fifty-two 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 fifty day simple moving average of $49.15 and a two-hundred day simple moving average of $48.46. The firm has a market cap of $18.19 billion, a PE ratio of 7.88 and a beta of 1.00.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business posted $0.29 earnings per share. The firm'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, sell-side analysts forecast that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were given a $0.0154 dividend. The ex-dividend date of this dividend was Monday, July 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental's dividend payout ratio (DPR) is 0.94%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new position in GFL Environmental in the first quarter valued at $28,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of GFL Environmental in the 1st quarter valued at about $385,000. Vanguard Group Inc. grew its position in shares of GFL Environmental by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock valued at $427,166,000 after acquiring an additional 146,256 shares during the period. Bank of New York Mellon Corp grew its position in shares of GFL Environmental by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 192,306 shares of the company's stock valued at $9,290,000 after acquiring an additional 4,981 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of GFL Environmental during the 4th quarter worth about $753,000. 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.