GFL Environmental (TSE:GFL) Upgraded by Wells Fargo & Company to “Strong-Buy” Rating

GFL Environmental (TSE:GFL) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on GFL. William Blair upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Thursday, September 25th. Barclays upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Friday, September 19th. Six investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

GFL Environmental Trading Up 2.3%

GFL traded up C$1.41 during trading on Thursday, hitting C$62.19. The company’s stock had a trading volume of 349,615 shares, compared to its average volume of 381,081. GFL Environmental has a twelve month low of C$59.24 and a twelve month high of C$71.82. The stock has a market cap of C$22.98 billion, a PE ratio of 6.65, a PEG ratio of -0.76 and a beta of 0.12. The firm’s 50 day moving average price is C$63.58 and its 200-day moving average price is C$66.44. The company has a debt-to-equity ratio of 147.75, a current ratio of 0.58 and a quick ratio of 0.57.

GFL Environmental (TSE:GFL) last released its earnings results on Wednesday, November 5th. The company reported C$0.28 EPS for the quarter. GFL Environmental had a negative return on equity of 8.41% and a negative net margin of 7.55%.The firm had revenue of C$1.69 billion during the quarter. On average, analysts expect that GFL Environmental will post 1.6870788 earnings per share for the current year.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste.