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

Key Points

• Analysts give GFL Environmental a consensus "Moderate Buy" from 15 covering the stock (1 strong buy, 11 buy, 3 hold) with an average 12‑month target of about $56.67.
• GFL reported Q results showing EPS $0.26 (beat $0.14 est.) while revenue of $1.23B missed estimates of $1.67B; revenue was up 7.3% year‑over‑year and analysts forecast ~0.58 EPS for the fiscal year.
• The shares opened at $44.55 (12‑month range $38.60–$52.00), market cap is ~$15.95B with a P/E of 6.55, and the company declared a quarterly dividend of $0.0169 per share (ex‑dividend April 13).

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $56.6667.

Several equities analysts have recently commented on the company. Scotiabank cut their price target on GFL Environmental from $57.00 to $56.00 and set a "sector outperform" rating on the stock in a research note on Thursday, February 12th. Barclays raised their price target on GFL Environmental from $62.00 to $63.00 and gave the company an "overweight" rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised their price target on GFL Environmental from $46.75 to $48.00 and gave the company a "neutral" rating in a research note on Wednesday, January 14th. Citigroup cut their price target on GFL Environmental from $58.00 to $56.00 and set a "buy" rating on the stock in a research note on Friday, January 16th. Finally, Weiss Ratings lowered GFL Environmental from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, February 9th.

Hedge Funds Weigh In On GFL Environmental

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new position in GFL Environmental in the fourth quarter valued at about $25,000. Sunbelt Securities Inc. purchased a new position in GFL Environmental in the third quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its stake in GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company's stock valued at $37,000 after purchasing an additional 219 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in GFL Environmental by 45.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company's stock valued at $46,000 after purchasing an additional 304 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in GFL Environmental by 21.9% in the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company's stock valued at $75,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

Shares of GFL Environmental stock opened at $44.55 on Wednesday. The firm has a market cap of $15.95 billion, a P/E ratio of 6.55, a P/E/G ratio of 3.47 and a beta of 0.84. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.05. GFL Environmental has a 12 month low of $38.60 and a 12 month high of $52.00. The stock's fifty day moving average price is $42.89 and its 200-day moving average price is $43.90.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.58) earnings per share. On average, equities research analysts expect that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 13th will be paid a dividend of $0.0169 per share. This is an increase from GFL Environmental's previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, April 13th. GFL Environmental's payout ratio is 0.88%.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company's core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.

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