BMO Capital Markets Initiates Coverage on GFL Environmental (TSE:GFL)

BMO Capital Markets initiated coverage on shares of GFL Environmental (TSE:GFLGet Rating) in a research note issued to investors on Friday, TipRanks reports. The firm issued a buy rating and a C$42.00 target price on the stock.

GFL has been the topic of several other reports. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a research note on Tuesday, March 1st. They set a buy rating and a C$41.00 price target on the stock. ATB Capital raised their price target on shares of GFL Environmental to C$48.00 and gave the stock a buy rating in a research note on Tuesday, April 26th. Finally, Atb Cap Markets reaffirmed an outperform rating on shares of GFL Environmental in a research note on Thursday, March 31st. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, GFL Environmental currently has a consensus rating of Buy and an average price target of C$51.94.

TSE:GFL opened at C$38.13 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 145.23. The firm has a 50-day moving average price of C$38.97 and a two-hundred day moving average price of C$43.23. GFL Environmental has a twelve month low of C$33.25 and a twelve month high of C$54.01. The company has a market capitalization of C$12.59 billion and a P/E ratio of -20.84.

GFL Environmental (TSE:GFLGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.05. The firm had revenue of C$1.54 billion for the quarter, compared to analyst estimates of C$1.43 billion. On average, equities research analysts predict that GFL Environmental will post 0.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Monday, April 18th were given a $0.015 dividend. The ex-dividend date was Thursday, April 14th. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.16%. GFL Environmental’s dividend payout ratio (DPR) is currently -3.28%.

About GFL Environmental (Get Rating)

GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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