GFL Environmental Inc. (NYSE:GFL) Receives $54.57 Average PT from Analysts

GFL Environmental Inc. (NYSE:GFL) has been assigned an average recommendation of “Buy” from the ten research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $54.57.

Several research analysts have issued reports on the stock. Raymond James restated an “outperform” rating and issued a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Truist Financial lifted their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Finally, Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a research report on Monday, May 5th.

Institutional Investors Weigh In On GFL Environmental

A number of institutional investors have recently modified their holdings of the stock. Erste Asset Management GmbH boosted its stake in shares of GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock valued at $597,000 after buying an additional 261 shares during the period. Metis Global Partners LLC boosted its stake in shares of GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock valued at $258,000 after buying an additional 298 shares during the period. Blue Trust Inc. boosted its stake in shares of GFL Environmental by 124.9% during the 4th 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 lifted its stake in shares of GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock valued at $129,000 after purchasing an additional 321 shares during the last quarter. Finally, Millstone Evans Group LLC lifted its stake in shares of GFL Environmental by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock valued at $27,000 after purchasing an additional 334 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Price Performance

NYSE GFL opened at $50.05 on Friday. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $52.00. 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 firm has a market capitalization of $19.69 billion, a PE ratio of -37.63 and a beta of 1.08. The company’s 50 day simple moving average is $48.25 and its 200 day simple moving average is $46.07.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company’s revenue was down 13.4% compared to the same quarter last year. As a group, equities research analysts forecast that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently announced 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 represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is 1.23%.

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.