GFL Environmental Inc. (TSE:GFL) Receives Consensus Recommendation of “Strong Buy” from Analysts

GFL Environmental Inc. (TSE:GFL) has been assigned an average rating of “Strong Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a strong buy recommendation to the company.

Several research firms recently commented on GFL. The Goldman Sachs Group upgraded shares of GFL Environmental to a “hold” rating in a report on Monday, November 24th. Barclays raised shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, September 19th. Wells Fargo & Company upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Thursday, November 13th. Finally, William Blair upgraded GFL Environmental to a “strong-buy” rating in a report on Thursday, September 25th.

GFL Environmental Stock Up 1.0%

TSE:GFL opened at C$59.15 on Friday. The business’s fifty day moving average price is C$61.16 and its 200 day moving average price is C$64.33. The firm has a market capitalization of C$20.58 billion, a price-to-earnings ratio of 6.33, a PEG ratio of -0.76 and a beta of 0.09. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 147.75. GFL Environmental has a 1-year low of C$57.63 and a 1-year high of C$71.82.

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

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were paid a dividend of $0.0154 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is 0.88%.

About GFL Environmental

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. Its infrastructure and soil remediation business line provides remediation of contaminated soils and complementary services, including civil, demolition, excavation, and shoring services.