GFL Environmental (TSE:GFL) Upgraded by Barclays to “Strong-Buy” Rating

Barclays upgraded shares of GFL Environmental (TSE:GFL) to a strong-buy rating in a research report released on Wednesday,Zacks reports.

GFL Environmental Stock Up 2.1%

Shares of TSE:GFL opened at C$58.91 on Wednesday. The company has a fifty day moving average of C$56.42 and a 200-day moving average of C$55.20. The company has a market capitalization of C$21.26 billion, a PE ratio of -120.22, a price-to-earnings-growth ratio of -0.76 and a beta of 0.11. The company has a debt-to-equity ratio of 137.83, a quick ratio of 0.57 and a current ratio of 0.75. GFL Environmental has a 52-week low of C$46.12 and a 52-week high of C$68.65.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.19 earnings per share for the quarter. GFL Environmental had a negative return on equity of 3.32% and a negative net margin of 3.26%.The company had revenue of C$1.95 billion for the quarter. On average, equities analysts predict that GFL Environmental will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -17.74%.

About GFL Environmental

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.