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

GFL Environmental Inc. (TSE:GFL) has been given a consensus recommendation of “Strong Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a strong buy rating to the company.

A number of equities analysts have commented on the stock. Barclays raised shares of 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. The Goldman Sachs Group raised GFL Environmental to a “hold” rating in a research note on Monday, November 24th. Finally, William Blair raised GFL Environmental to a “strong-buy” rating in a research note on Thursday, September 25th.

GFL Environmental Stock Performance

TSE GFL opened at C$58.89 on Friday. The company has a debt-to-equity ratio of 147.75, a current ratio of 0.58 and a quick ratio of 0.57. GFL Environmental has a 1-year low of C$58.40 and a 1-year high of C$71.82. The business has a 50 day simple moving average of C$61.49 and a two-hundred day simple moving average of C$64.67. The stock has a market capitalization of C$20.49 billion, a PE ratio of 6.30, a P/E/G ratio of -0.76 and a beta of 0.09.

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

GFL Environmental Announces Dividend

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