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

GFL Environmental Inc. (NYSE:GFL - Get Free Report) has been given an average rating of "Buy" by the twelve research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $54.50.

GFL has been the topic of several research reports. Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. UBS Group lifted their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Finally, Truist Financial lifted their target price on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd.

GFL Environmental Stock Performance

Shares of GFL traded up $0.83 during mid-day trading on Thursday, reaching $50.72. The company's stock had a trading volume of 608,436 shares, compared to its average volume of 1,442,798. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 1-year low of $36.86 and a 1-year high of $52.00. The business has a 50-day simple moving average of $48.89 and a two-hundred day simple moving average of $46.64. The stock has a market cap of $18.60 billion, a P/E ratio of -38.14 and a beta of 1.04.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. The firm's revenue for the quarter was down 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were paid a dividend of $0.0154 per share. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is 1.23%.

Institutional Trading of GFL Environmental

Several institutional investors and hedge funds have recently made changes to their positions in the company. Erste Asset Management GmbH grew its position in GFL Environmental by 2.0% in the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after purchasing an additional 261 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of GFL Environmental by 5.4% in the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after buying an additional 298 shares during the last quarter. Blue Trust Inc. grew its position in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after buying an additional 306 shares during the period. US Bancorp DE increased its stake in shares of GFL Environmental by 12.5% during the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock worth $129,000 after purchasing an additional 321 shares during the last quarter. Finally, Millstone Evans Group LLC raised its stake in shares of GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after buying an additional 334 shares during the period. Hedge funds and other 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.