GFL Environmental Inc. (NYSE:GFL) Receives $55.44 Average Price Target from Brokerages

GFL Environmental Inc. (NYSE:GFL) has earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat.com 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 assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $55.00.

A number of equities analysts have recently commented on GFL shares. JPMorgan Chase & Co. lowered shares of GFL Environmental from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $49.00 to $42.00 in a research report on Tuesday, April 14th. Barclays lifted their price target on shares of GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings lowered shares of GFL Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Wolfe Research started coverage on shares of GFL Environmental in a research report on Friday, March 13th. They issued an “outperform” rating on the stock. Finally, Zacks Research raised shares of GFL Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd.

GFL Environmental Trading Down 1.9%

NYSE:GFL opened at $36.98 on Friday. The stock’s 50 day moving average price is $41.87 and its 200 day moving average price is $43.14. GFL Environmental has a 52 week low of $36.67 and a 52 week high of $51.70. The company has a market capitalization of $13.24 billion, a P/E ratio of 115.58, a P/E/G ratio of 2.75 and a beta of 0.78. 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) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that GFL Environmental will post 0.58 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. Stockholders of record on Monday, April 13th were given a $0.0169 dividend. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, April 13th. GFL Environmental’s payout ratio is 21.88%.

Hedge Funds Weigh In On GFL Environmental

A number of institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of GFL Environmental in the first quarter valued at approximately $703,000. Verbena Value LP grew its stake in shares of GFL Environmental by 44.7% in the first quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock worth $50,527,000 after acquiring an additional 374,000 shares during the last quarter. ARQ Wealth Advisors LLC acquired a new stake in shares of GFL Environmental in the first quarter worth $361,000. Hsbc Holdings PLC acquired a new stake in shares of GFL Environmental in the first quarter worth $602,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of GFL Environmental in the first quarter worth $32,000. Institutional investors own 64.70% of the company’s stock.

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.