GFL Environmental (TSE:GFL) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of GFL Environmental (TSE:GFL) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

GFL has been the subject of several other research reports. Wells Fargo & Company raised GFL Environmental to a “strong-buy” rating in a research note on Thursday, November 13th. William Blair raised shares of GFL Environmental to a “strong-buy” rating in a report on Thursday, September 25th. Finally, Barclays raised shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, September 19th. Six equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

GFL Environmental Stock Up 0.4%

Shares of TSE:GFL opened at C$63.86 on Monday. GFL Environmental has a 52-week low of C$59.24 and a 52-week high of C$71.82. The company has a market capitalization of C$23.60 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of -0.76 and a beta of 0.12. The company has a debt-to-equity ratio of 147.75, a quick ratio of 0.57 and a current ratio of 0.58. The company has a fifty day moving average of C$63.38 and a 200-day moving average of C$66.09.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.28 earnings per share for the quarter. GFL Environmental had a negative return on equity of 8.41% and a negative net margin of 7.55%.The company had revenue of C$1.69 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 announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. GFL Environmental’s dividend payout ratio is currently 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.