GFL Environmental (NYSE:GFL) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of GFL Environmental (NYSE:GFL) in a research report sent to investors on Tuesday morning. The brokerage issued a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. William Blair began coverage on shares of GFL Environmental in a report on Thursday, September 25th. They issued an “outperform” rating on the stock. Citigroup raised their target price on GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Scotiabank upped their price target on GFL Environmental from $56.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Friday, August 1st. Truist Financial increased their price target on GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Barclays assumed coverage on GFL Environmental in a report on Friday, September 19th. They issued an “overweight” rating and a $62.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $58.75.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $46.75 on Tuesday. The company has a market capitalization of $16.99 billion, a P/E ratio of 7.36 and a beta of 1.17. The company’s 50-day moving average is $48.63 and its 200 day moving average is $48.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. GFL Environmental has a fifty-two week low of $39.10 and a fifty-two week high of $52.00.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.0154 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s payout ratio is 0.94%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of GFL Environmental during the second quarter valued at about $171,945,000. American Century Companies Inc. boosted its position in shares of GFL Environmental by 87.2% in the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company’s stock valued at $218,134,000 after acquiring an additional 2,102,663 shares during the period. CIBC Asset Management Inc grew its stake in GFL Environmental by 30.1% during the second quarter. CIBC Asset Management Inc now owns 4,015,118 shares of the company’s stock valued at $202,625,000 after acquiring an additional 927,798 shares in the last quarter. Robeco Schweiz AG bought a new stake in GFL Environmental during the 1st quarter worth approximately $32,724,000. Finally, 1832 Asset Management L.P. bought a new stake in GFL Environmental during the 1st quarter worth approximately $27,150,000. 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.