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

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $52.00.

Several research firms have weighed in on GFL. UBS Group lifted their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Scotiabank increased their price objective on GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 8th. Citigroup decreased their price objective on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Raymond James set a $56.00 price target on shares of GFL Environmental and gave the stock an "outperform" rating in a research report on Wednesday, April 16th.

Hedge Funds Weigh In On GFL Environmental

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of GFL Environmental by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 918,706 shares of the company's stock valued at $36,296,000 after acquiring an additional 65,449 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in GFL Environmental during the third quarter worth approximately $174,000. Tidal Investments LLC grew its holdings in GFL Environmental by 6.3% during the third quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock valued at $832,000 after purchasing an additional 1,238 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of GFL Environmental in the fourth quarter valued at approximately $248,000. Finally, Avanza Fonder AB bought a new position in shares of GFL Environmental in the fourth quarter valued at approximately $1,063,000. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Trading Down 1.1 %

Shares of NYSE GFL traded down $0.52 during mid-day trading on Wednesday, hitting $48.47. 921,120 shares of the company traded hands, compared to its average volume of 1,472,953. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 1 year low of $30.57 and a 1 year high of $49.45. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of -36.44 and a beta of 1.09. The business has a 50 day moving average of $47.00 and a two-hundred day moving average of $45.14.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, sell-side analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a $0.0154 dividend. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental's dividend payout ratio is currently -3.87%.

About GFL Environmental

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.