GFL Environmental (TSE:GFL) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of GFL Environmental (TSE:GFLFree Report) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a research report on Friday, October 4th.

View Our Latest Report on GFL Environmental

GFL Environmental Price Performance

GFL stock opened at C$62.59 on Monday. The company has a market capitalization of C$23.83 billion, a PE ratio of -30.53, a P/E/G ratio of -0.76 and a beta of 1.03. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. The stock’s 50 day moving average is C$63.75 and its two-hundred day moving average is C$58.86. GFL Environmental has a 52-week low of C$41.90 and a 52-week high of C$68.43.

GFL Environmental (TSE:GFLGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.01. The firm had revenue of C$2.01 billion for the quarter, compared to analysts’ expectations of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. Analysts predict that GFL Environmental will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be issued a $0.014 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.09%. GFL Environmental’s dividend payout ratio is currently -3.90%.

About GFL Environmental

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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.

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