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

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.63.

GFL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Citigroup initiated coverage on shares of GFL Environmental in a research report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Scotiabank raised their price target on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 5th.

Institutional Investors Weigh In On GFL Environmental

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in GFL Environmental during the fourth quarter valued at about $93,343,000. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of GFL Environmental in the fourth quarter worth about $2,203,000. Polar Asset Management Partners Inc. lifted its position in shares of GFL Environmental by 241.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company’s stock valued at $5,344,000 after buying an additional 84,851 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of GFL Environmental by 74.2% during the 4th quarter. Mackenzie Financial Corp now owns 231,348 shares of the company’s stock valued at $10,302,000 after acquiring an additional 98,539 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in GFL Environmental by 21.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company’s stock worth $846,000 after acquiring an additional 3,295 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

GFL stock opened at $47.78 on Friday. The stock’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $43.91. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $49.35. The stock has a market capitalization of $18.80 billion, a PE ratio of -35.93 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. As a group, research analysts forecast that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -3.23%.

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.