GFL Environmental (TSE:GFL) Upgraded to Strong-Buy at Scotiabank

Scotiabank upgraded shares of GFL Environmental (TSE:GFL) to a strong-buy rating in a research report report published on Friday morning, Zacks.com reports.

Separately, BMO Capital Markets lowered GFL Environmental from a strong-buy rating to a hold rating in a report on Tuesday, July 9th.

GFL Environmental Trading Up 2.4 %

GFL Environmental stock opened at C$55.17 on Friday. GFL Environmental has a one year low of C$36.56 and a one year high of C$59.00. The business’s fifty day moving average is C$55.07 and its 200 day moving average is C$50.58. The stock has a market capitalization of C$21.00 billion, a PE ratio of -26.91, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57.

GFL Environmental (TSE:GFL) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.29 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.01. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. The firm had revenue of C$2.06 billion during the quarter, compared to analyst estimates of C$2.06 billion. On average, sell-side analysts predict that GFL Environmental will post 1.6545901 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, October 16th. GFL Environmental’s payout ratio is -3.90%.

Insider Buying and Selling at GFL Environmental

In other news, Director Patrick Joseph Dovigi sold 291,180 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$39.65, for a total transaction of C$11,545,287.00. In other news, Senior Officer Mindy Beth Gilbert sold 7,733 shares of GFL Environmental stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of C$54.86, for a total transaction of C$424,232.38. Also, Director Patrick Joseph Dovigi sold 291,180 shares of GFL Environmental stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$39.65, for a total transaction of C$11,545,287.00. Over the last ninety days, insiders sold 987,224 shares of company stock valued at $48,703,272. Insiders own 3.10% 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.