GFL Environmental Inc. (NYSE:GFL) Given Average Rating of “Buy” by Brokerages

Shares of GFL Environmental Inc. (NYSE:GFL) have received a consensus rating of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven 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 $58.6250.

A number of analysts recently weighed in on GFL shares. Scotiabank set a $58.00 target price on shares of GFL Environmental in a research note on Friday, October 10th. William Blair started coverage on shares of GFL Environmental in a research note on Thursday, September 25th. They set an “outperform” rating on the stock. Royal Bank Of Canada upped their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Truist Financial upped their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, UBS Group cut their target price on shares of GFL Environmental from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th.

GFL Environmental Stock Up 0.5%

Shares of GFL opened at $45.77 on Wednesday. The stock has a market capitalization of $16.63 billion, a PE ratio of 7.21 and a beta of 1.17. GFL Environmental has a 1 year low of $39.63 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50-day simple moving average is $47.55 and its 200-day simple moving average is $48.46.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Analysts forecast that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 15th. GFL Environmental’s dividend payout ratio is presently 0.94%.

Institutional Trading of GFL Environmental

A number of large investors have recently made changes to their positions in GFL. EverSource Wealth Advisors LLC increased 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. AGP Franklin LLC increased its stake in GFL Environmental by 3.7% in the second quarter. AGP Franklin LLC now owns 7,427 shares of the company’s stock valued at $375,000 after purchasing an additional 262 shares during the last quarter. Compass Financial Services Inc increased its stake in GFL Environmental by 63.0% in the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after purchasing an additional 317 shares during the last quarter. Engineers Gate Manager LP increased its stake in GFL Environmental by 6.8% in the second quarter. Engineers Gate Manager LP now owns 5,187 shares of the company’s stock valued at $262,000 after purchasing an additional 331 shares during the last quarter. Finally, Millstone Evans Group LLC increased its stake in 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 purchasing an additional 334 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

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.