GFL Environmental (NYSE:GFL) Upgraded to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of GFL Environmental (NYSE:GFL) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat reports.

Several other research analysts have also issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a research report on Monday. Truist Financial increased their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup assumed coverage on GFL Environmental in a research report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. Raymond James increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Scotiabank decreased their target price on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $49.56.

GFL Environmental Trading Down 4.1 %

GFL opened at $44.10 on Tuesday. The business has a 50 day simple moving average of $44.43 and a two-hundred day simple moving average of $43.12. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of -33.16 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental has a one year low of $30.57 and a one year high of $48.87.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. Analysts predict that GFL Environmental will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s dividend payout ratio is -3.76%.

Institutional Trading of GFL Environmental

Several institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC boosted its stake in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Erste Asset Management GmbH boosted its stake in GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock valued at $597,000 after purchasing an additional 261 shares during the last quarter. Metis Global Partners LLC boosted its stake in GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock valued at $258,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. boosted its stake in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Finally, US Bancorp DE boosted its stake in GFL Environmental by 12.5% during the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock valued at $129,000 after purchasing an additional 321 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Company Profile

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.