GFL Environmental Inc. (NYSE:GFL) Receives $54.25 Average PT from Brokerages

GFL Environmental Inc. (NYSE:GFL) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $55.4444.

A number of brokerages have issued reports on GFL. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. Scotiabank reaffirmed an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, September 2nd. Zacks Research cut GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Finally, TD Cowen restated a “buy” rating and set a $65.00 price target on shares of GFL Environmental in a research report on Friday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of GFL Environmental in the fourth quarter valued at $149,466,000. Maverick Capital Ltd. grew its stake in shares of GFL Environmental by 216.5% during the 4th quarter. Maverick Capital Ltd. now owns 5,023,417 shares of the company’s stock worth $215,761,000 after acquiring an additional 3,436,419 shares during the period. Capital Research Global Investors grew its stake in shares of GFL Environmental by 17.6% during the 4th quarter. Capital Research Global Investors now owns 21,863,632 shares of the company’s stock worth $939,043,000 after acquiring an additional 3,267,936 shares during the period. UBS Group AG increased its holdings in GFL Environmental by 203.9% in the 3rd quarter. UBS Group AG now owns 1,946,471 shares of the company’s stock worth $92,224,000 after acquiring an additional 1,305,953 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in GFL Environmental by 11,121.4% in the 4th quarter. AQR Capital Management LLC now owns 1,181,049 shares of the company’s stock worth $50,735,000 after acquiring an additional 1,170,524 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

Shares of NYSE GFL opened at $42.74 on Friday. GFL Environmental has a twelve month low of $33.33 and a twelve month high of $48.14. The stock’s 50 day moving average price is $41.01 and its 200-day moving average price is $39.82. The company has a market capitalization of $15.42 billion, a PE ratio of -80.64, a PEG ratio of 2.70 and a beta of 0.68. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.34.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.33 billion. GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. On average, equities analysts anticipate that GFL Environmental will post 0.65 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 13th were given a $0.0169 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s payout ratio is currently -11.32%.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company that provides waste management and infrastructure services to residential, commercial, industrial, municipal and institutional customers. Its operations include the collection, transfer, processing, recycling and disposal of solid waste, as well as the management of organic materials and other waste streams.

The company also provides environmental and infrastructure-related services, including soil remediation, dewatering, excavation, demolition and other site services.