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

GFL Environmental Inc. (NYSE:GFL) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $49.00.

A number of research firms recently issued reports on GFL. UBS Group increased their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Scotiabank lowered their price objective on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Truist Financial increased their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James lifted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Citigroup started coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price objective for the company.

Hedge Funds Weigh In On GFL Environmental

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after acquiring an additional 306 shares during the period. Berbice Capital Management LLC bought a new position in shares of GFL Environmental in the fourth quarter worth $27,000. Continuum Advisory LLC raised its stake in GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in GFL Environmental in the third quarter valued at about $60,000. Finally, Avior Wealth Management LLC acquired a new stake in GFL Environmental during the third quarter worth about $82,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

Shares of NYSE GFL opened at $46.28 on Friday. The company has a fifty day moving average price of $44.38 and a 200 day moving average price of $42.58. GFL Environmental has a 1-year low of $30.57 and a 1-year high of $48.87. The firm has a market cap of $18.21 billion, a PE ratio of -34.80 and a beta of 1.17. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s payout ratio is -4.51%.

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.