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

GFL Environmental Inc. (NYSE:GFL) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.64.

A number of brokerages have recently issued reports on GFL. BMO Capital Markets lowered GFL Environmental from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $43.00 to $42.00 in a research report on Tuesday, July 9th. Royal Bank of Canada increased their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Raymond James upped their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, TD Cowen increased their target price on GFL Environmental from $42.00 to $43.00 and gave the company a “buy” rating in a report on Monday, May 6th.

GFL Environmental Stock Up 1.1 %

Shares of GFL opened at $41.99 on Friday. The firm has a market cap of $15.81 billion, a P/E ratio of 39.99 and a beta of 1.16. GFL Environmental has a 12 month low of $26.87 and a 12 month high of $42.22. The stock’s 50 day moving average is $39.05 and its two-hundred day moving average is $35.87. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were given a $0.014 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s payout ratio is 4.76%.

Institutional Investors Weigh In On GFL Environmental

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning increased its position in shares of GFL Environmental by 125.4% during the 2nd quarter. Creative Planning now owns 14,934 shares of the company’s stock worth $581,000 after purchasing an additional 8,309 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its stake in GFL Environmental by 5.7% during the second quarter. Duff & Phelps Investment Management Co. now owns 271,360 shares of the company’s stock worth $10,564,000 after buying an additional 14,579 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of GFL Environmental during the second quarter valued at about $1,145,000. Millennium Management LLC raised its stake in shares of GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company’s stock valued at $219,922,000 after acquiring an additional 1,614,182 shares during the period. Finally, Maverick Capital Ltd. lifted its holdings in shares of GFL Environmental by 22.1% in the 2nd quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company’s stock worth $127,911,000 after acquiring an additional 595,259 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

About GFL Environmental

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.