Shares of GFL Environmental Inc. (NYSE:GFL) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $45.15.
Several equities analysts have recently weighed in on GFL shares. CIBC lifted their price target on GFL Environmental from C$53.00 to C$58.00 and gave the company an “outperform” rating in a research report on Friday, November 5th. National Bank Financial lifted their price objective on GFL Environmental from C$50.00 to C$55.00 and gave the company an “outperform” rating in a research note on Wednesday, November 3rd. Royal Bank of Canada lifted their price target on GFL Environmental from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, November 5th. BMO Capital Markets lifted their price target on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, October 4th. Finally, Raymond James lifted their price target on GFL Environmental from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 8th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of GFL Environmental during the 2nd quarter valued at $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of GFL Environmental in the 3rd quarter worth $38,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in GFL Environmental in the 3rd quarter worth $63,000. Advisor Group Holdings Inc. increased its stake in GFL Environmental by 100.0% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,680 shares of the company’s stock worth $86,000 after buying an additional 1,340 shares in the last quarter. Finally, Citigroup Inc. increased its stake in GFL Environmental by 692.2% in the 2nd quarter. Citigroup Inc. now owns 2,836 shares of the company’s stock worth $90,000 after buying an additional 2,478 shares in the last quarter. 59.32% of the stock is currently owned by hedge funds and other institutional investors.
GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.15. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.40 billion. GFL Environmental had a positive return on equity of 2.63% and a negative net margin of 17.57%. GFL Environmental’s revenue for the quarter was up 43.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. Sell-side analysts predict that GFL Environmental will post 0.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 29th. Investors of record on Monday, October 18th were given a $0.011 dividend. The ex-dividend date was Friday, October 15th. This represents a $0.04 annualized dividend and a yield of 0.11%. GFL Environmental’s dividend payout ratio (DPR) is presently -1.88%.
GFL Environmental Company Profile
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.
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