Seaport Res Ptn Upgrades GFL Environmental (NYSE:GFL) to "Strong-Buy"

Seaport Res Ptn upgraded shares of GFL Environmental (NYSE:GFL - Free Report) to a strong-buy rating in a research report sent to investors on Tuesday, May 6th,Zacks.com reports.

Several other brokerages have also weighed in on GFL. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Citigroup dropped their price objective on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Scotiabank reiterated an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. Finally, Truist Financial upped their price target on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, GFL Environmental has an average rating of "Buy" and an average target price of $54.14.

GFL Environmental Stock Performance

GFL traded down $0.38 during trading on Tuesday, hitting $48.30. The stock had a trading volume of 1,907,438 shares, compared to its average volume of 1,487,634. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of -36.32 and a beta of 1.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50 day moving average price of $47.94 and a 200-day moving average price of $45.78. GFL Environmental has a one year low of $30.57 and a one year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. The company's revenue was down 13.4% on a year-over-year basis. As a group, research analysts predict that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were given a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently 1.23%.

Hedge Funds Weigh In On GFL Environmental

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFL. Tidal Investments LLC lifted its holdings in GFL Environmental by 6.3% in the third quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock valued at $832,000 after acquiring an additional 1,238 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in GFL Environmental in the 4th quarter valued at $248,000. Avanza Fonder AB purchased a new position in shares of GFL Environmental during the fourth quarter worth about $1,063,000. Goldstein Advisors LLC boosted its holdings in GFL Environmental by 20.8% in the 4th quarter. Goldstein Advisors LLC now owns 7,418 shares of the company's stock valued at $330,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Berbice Capital Management LLC purchased a new stake in shares of GFL Environmental during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

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.