GFL Environmental Inc. (TSE:GFL) Given Consensus Recommendation of “Strong Buy” by Brokerages

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

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

GFL Environmental Stock Up 0.5%

GFL stock opened at C$59.04 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 147.75. The firm has a 50 day simple moving average of C$61.32 and a 200-day simple moving average of C$64.51. The company has a market capitalization of C$20.54 billion, a P/E ratio of 6.31, a PEG ratio of -0.76 and a beta of 0.09. GFL Environmental has a twelve month low of C$58.10 and a twelve month high of C$71.82.

GFL Environmental (TSE:GFL) last posted 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 for the quarter. GFL Environmental had a negative net margin of 7.55% and a negative return on equity of 8.41%. On average, equities research analysts predict that GFL Environmental will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. GFL Environmental’s dividend payout ratio 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.