Wolfe Research Upgrades GFL Environmental (TSE:GFL) to Strong-Buy

GFL Environmental (TSE:GFL) was upgraded by analysts at Wolfe Research to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

GFL has been the topic of a number of other reports. Wells Fargo & Company raised shares of GFL Environmental to a “strong-buy” rating in a report on Thursday, November 13th. The Goldman Sachs Group raised shares of GFL Environmental to a “hold” rating in a research note on Monday, November 24th. Five investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

GFL Environmental Stock Performance

TSE GFL opened at C$59.00 on Friday. The firm has a market capitalization of C$21.14 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of -0.76 and a beta of 0.10. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 114.80. The firm’s fifty day moving average price is C$59.23 and its two-hundred day moving average price is C$61.78. GFL Environmental has a 1 year low of C$55.74 and a 1 year high of C$71.82.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, February 11th. The company reported C$0.37 earnings per share (EPS) for the quarter. The company had revenue of C$1.69 billion during the quarter. GFL Environmental had a negative return on equity of 21.15% and a negative net margin of 22.76%. As a group, research analysts anticipate that GFL Environmental will post 1.6870788 EPS for the current year.

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.