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

Key Points

• Analyst consensus: Sixteen firms rate GFL an average "Moderate Buy" (1 sell, 2 hold, 11 buy, 2 strong buy) with a mean 12‑month target of $55.44, though recent actions include JPMorgan cutting to underweight ($42 target) and Zacks upgrading to strong‑buy.
• Recent results and valuation: GFL beat Q1 estimates with $0.06 EPS (vs. $0.05) and $1.18B revenue (up 5.4% YoY), but trades around $38.51 with a high P/E (~120) and $13.8B market cap, below the analyst target and its $52 52‑week high.

Shares of GFL Environmental Inc. (NYSE:GFL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $55.4444.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of GFL Environmental from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $49.00 to $42.00 in a report on Tuesday, April 14th. Scotiabank cut their price target on shares of 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. Citigroup reduced their price target on shares of GFL Environmental from $55.00 to $51.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Zacks Research upgraded shares of GFL Environmental from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered GFL Environmental from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday.

GFL Environmental Price Performance

Shares of NYSE GFL opened at $38.51 on Friday. The stock's 50-day simple moving average is $41.99 and its 200-day simple moving average is $43.22. The firm has a market capitalization of $13.78 billion, a PE ratio of 120.34, a price-to-earnings-growth ratio of 3.39 and a beta of 0.78. GFL Environmental has a fifty-two week low of $36.96 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 1.51.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) earnings per share. As a group, equities research analysts forecast that GFL Environmental will post 0.55 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 13th were paid a dividend of $0.0169 per share. The ex-dividend date was Monday, April 13th. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. This is a boost from GFL Environmental's previous quarterly dividend of $0.02. GFL Environmental's dividend payout ratio (DPR) is 21.88%.

Institutional Investors Weigh In On GFL Environmental

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of GFL Environmental during the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC purchased a new stake in GFL Environmental in the 1st quarter valued at $32,000. Sunbelt Securities Inc. purchased a new stake in GFL Environmental in the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 219 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company's stock worth $46,000 after purchasing an additional 304 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 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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