Stifel Nicolaus Upgrades GFL Environmental (NYSE:GFL) to Buy

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

A number of other equities analysts also recently issued reports on the stock. Citigroup initiated coverage on shares of GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price target on shares of GFL Environmental in a report on Monday. Truist Financial lifted their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Raymond James upped their target price on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Scotiabank decreased their price target 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 analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average target price of $49.56.

GFL Environmental Trading Down 2.8 %

GFL opened at $43.11 on Tuesday. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The firm has a market capitalization of $16.96 billion, a PE ratio of -32.41 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. The company’s 50-day moving average is $44.38 and its 200 day moving average is $43.13.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, research analysts predict that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid 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 payout ratio is -3.76%.

Institutional Investors Weigh In On GFL Environmental

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after buying an additional 306 shares during the period. Berbice Capital Management LLC purchased a new stake in shares of GFL Environmental during the fourth quarter worth $27,000. Continuum Advisory LLC boosted its holdings in shares of GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after acquiring an additional 254 shares during the period. Natixis purchased a new position in shares of GFL Environmental in the fourth quarter valued at $49,000. Finally, SRH Advisors LLC purchased a new position in shares of GFL Environmental in the fourth quarter valued at $89,000. 64.70% of the stock is currently owned by institutional investors.

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.