GFL Environmental (NYSE:GFL) Upgraded by Stifel Nicolaus to “Buy” Rating

Stifel Nicolaus upgraded shares of GFL Environmental (NYSE:GFL) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other research firms have also recently commented on GFL. Scotiabank decreased their price target on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Truist Financial raised their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group raised their price target on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Raymond James raised their price target on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a report on Monday. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.56.

GFL Environmental Price Performance

NYSE GFL opened at $44.10 on Tuesday. The company has a market capitalization of $17.35 billion, a PE ratio of -33.16 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The business’s fifty day moving average is $44.43 and its 200 day moving average is $43.12. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $48.87.

GFL Environmental (NYSE:GFL) last posted 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. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Sell-side analysts predict that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s dividend payout ratio is currently -3.76%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFL. Fred Alger Management LLC grew its position in GFL Environmental by 64.3% in the third quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock worth $407,619,000 after acquiring an additional 3,999,363 shares in the last quarter. Norges Bank purchased a new position in GFL Environmental in the fourth quarter worth about $126,420,000. Capital Research Global Investors grew its position in GFL Environmental by 11.4% in the fourth quarter. Capital Research Global Investors now owns 26,973,784 shares of the company’s stock worth $1,201,406,000 after acquiring an additional 2,751,618 shares in the last quarter. Soros Fund Management LLC grew its position in GFL Environmental by 487.0% in the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock worth $125,874,000 after acquiring an additional 2,618,589 shares in the last quarter. Finally, FMR LLC grew its position in GFL Environmental by 10.0% in the fourth quarter. FMR LLC now owns 27,664,678 shares of the company’s stock worth $1,233,223,000 after acquiring an additional 2,506,021 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

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.