GFL Environmental (TSE:GFL) Upgraded to Strong-Buy at Citigroup

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

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

GFL Environmental Stock Performance

GFL opened at C$62.10 on Monday. The firm has a market capitalization of C$23.64 billion, a PE ratio of -30.29, a P/E/G ratio of -0.76 and a beta of 1.03. GFL Environmental has a 12-month low of C$41.90 and a 12-month high of C$68.43. The firm has a 50 day moving average of C$63.76 and a two-hundred day moving average of C$58.78. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 145.69.

GFL Environmental (TSE:GFL) last issued its earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of C$2.06 billion. On average, analysts anticipate that GFL Environmental will post 1.6870788 EPS for the current year.

GFL Environmental Cuts Dividend

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

About GFL Environmental

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.