GFL Environmental Inc. (NYSE:GFL – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $57.67.
GFL has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research report on Monday, August 31st. JPMorgan Chase & Co. upped 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. Barclays started coverage on shares of GFL Environmental in a report on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 price target for the company. TD Cowen reiterated a “buy” rating and set a $65.00 price objective on shares of GFL Environmental in a research note on Friday, September 11th. Finally, Scotiabank reissued an “outperform” rating on shares of GFL Environmental in a report on Wednesday, September 2nd.
Check Out Our Latest Stock Analysis on GFL
GFL Environmental Trading Up 0.7%
GFL Environmental (NYSE:GFL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). GFL Environmental had a positive return on equity of 4.14% and a negative net margin of 3.28%.The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business posted $0.26 EPS. GFL Environmental’s revenue was up 16.3% compared to the same quarter last year. On average, research analysts predict that GFL Environmental will post 0.57 earnings per share for the current fiscal year.
GFL Environmental Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.0169 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. GFL Environmental’s payout ratio is currently -13.21%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Tobam raised its holdings in shares of GFL Environmental by 10.5% during the 4th quarter. Tobam now owns 3,079 shares of the company’s stock worth $132,000 after acquiring an additional 293 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of GFL Environmental by 36.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock valued at $56,000 after purchasing an additional 360 shares during the period. MQS Management LLC grew its holdings in shares of GFL Environmental by 8.8% in the first quarter. MQS Management LLC now owns 7,815 shares of the company’s stock valued at $326,000 after purchasing an additional 634 shares during the period. Versant Capital Management Inc increased its position in GFL Environmental by 40.4% during the third quarter. Versant Capital Management Inc now owns 2,527 shares of the company’s stock worth $106,000 after purchasing an additional 727 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in GFL Environmental during the first quarter worth about $32,000. 64.70% of the stock is owned by institutional investors and hedge funds.
GFL Environmental Company Profile
GFL Environmental Inc is a North American environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste.
GFL also provides recycling and organics management services, including the processing of recyclable materials and organic waste. Its environmental services include liquid waste management, soil remediation, infrastructure services and other specialized solutions for industrial and commercial customers.
Founded in 2007, GFL is headquartered in Vaughan, Ontario, and serves communities and customers across Canada and the United States.
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