GFL Environmental (TSE:GFL) Upgraded at Citigroup

Citigroup upgraded shares of GFL Environmental (TSE:GFL) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Separately, Scotiabank upgraded shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

GFL Environmental Stock Performance

GFL stock opened at C$62.59 on Monday. The firm has a market cap of C$23.83 billion, a price-to-earnings ratio of -30.53, a PEG ratio of -0.76 and a beta of 1.03. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. GFL Environmental has a twelve month low of C$41.90 and a twelve month high of C$68.43. The business’s fifty day simple moving average is C$63.75 and its two-hundred day simple moving average is C$58.86.

GFL Environmental (TSE:GFL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.01. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%. The firm had revenue of C$2.01 billion for the quarter, compared to analyst estimates of C$2.06 billion. Analysts predict that GFL Environmental will post 1.6870788 earnings per share for the current year.

GFL Environmental Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -3.90%.

GFL Environmental Company Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.