Shares of GFL Environmental Inc. (NYSE:GFL – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $55.00.
GFL has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of GFL Environmental from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $49.00 to $42.00 in a research report on Tuesday, April 14th. Weiss Ratings downgraded shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Zacks Research downgraded shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Scotiabank reduced their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Finally, Royal Bank Of Canada upped their target price on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th.
Read Our Latest Research Report on GFL
GFL Environmental Stock Up 2.7%
GFL Environmental (NYSE:GFL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) EPS. Research analysts anticipate that GFL Environmental will post 0.54 EPS for the current year.
GFL Environmental Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 13th were paid a $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, April 13th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. GFL Environmental’s dividend payout ratio (DPR) is presently 21.88%.
Hedge Funds Weigh In On GFL Environmental
Hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in GFL Environmental in the 4th quarter worth about $25,000. Whipplewood Advisors LLC bought a new position in GFL Environmental in the 1st quarter worth about $32,000. Sunbelt Securities Inc. bought a new position in GFL Environmental in the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC boosted its stake in GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after purchasing an additional 219 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares in the last quarter. 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.
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