5 Best Affordable Stocks to Buy Now

2. GFL Environmental Inc. (NYSE:GFL)

Price as of August 3: $28.50

GFL Environmental Inc. (NYSE:GFL) is a Canadian waste management company. The company provides collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste services to its customers. On August 2, TD Securities analyst Tim James reaffirmed a Buy rating on GFL Environmental Inc. (NYSE:GFL)’s shares and raised his price target to C$55 from C$53.

GFL Environmental Inc. (NYSE:GFL) posted strong Q2 results with an EPS of $0.19, compared to $0.15 estimates. The company generated revenues of $1.33 billion, representing a 27% YoY growth and beating the forecasts by $116.97 million. Moreover, adjusted EBITDA was recorded at $453.3 million and adjusted cash flow from operations was $250.5 million. The adjusted free cash flow was reported to be $102.2 million.

On July 7, GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend of $0.012, which was paid on July 29 to the shareholders of record on July 16. As of August 3, the company has a dividend yield of 0.17%.