GFL Environmental Inc. (NYSE:GFL – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $54.25.
Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Citigroup set a $51.00 price objective on shares of GFL Environmental and gave the stock a “buy” rating in a research note on Monday, July 6th. Weiss Ratings raised GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a report on Wednesday, September 2nd. Finally, Zacks Research lowered GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd.
Get Our Latest Stock Analysis on GFL Environmental
GFL Environmental Trading Down 2.1%
GFL Environmental (NYSE:GFL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.33 billion. GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. GFL Environmental’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. As a group, analysts expect that GFL Environmental will post 0.65 EPS for the current fiscal year.
GFL Environmental Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 13th were given a dividend of $0.0169 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. GFL Environmental’s payout ratio is -13.21%.
Institutional Investors Weigh In On GFL Environmental
Large investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new position in GFL Environmental during the fourth quarter worth $25,000. Integrated Wealth Concepts LLC acquired a new stake in GFL Environmental in the second quarter valued at $31,000. Whipplewood Advisors LLC acquired a new stake in GFL Environmental in the first quarter valued at $32,000. Sunbelt Securities Inc. bought a new position in shares of GFL Environmental in the 3rd quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.
About GFL Environmental
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.
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