GFL Environmental (TSE:GFL) Rating Increased to Hold at The Goldman Sachs Group

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

Several other research firms have also recently weighed in on GFL. Wells Fargo & Company raised GFL Environmental to a “strong-buy” rating in a report on Thursday, November 13th. William Blair raised GFL Environmental to a “strong-buy” rating in a report on Thursday, September 25th. Finally, Barclays upgraded shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, September 19th. Six analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

GFL Environmental Stock Performance

Shares of TSE GFL traded up C$0.44 during mid-day trading on Monday, reaching C$64.06. 13,017 shares of the company were exchanged, compared to its average volume of 386,080. The stock has a market capitalization of C$23.67 billion, a P/E ratio of 6.85, a P/E/G ratio of -0.76 and a beta of 0.12. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 147.75. The company’s 50-day simple moving average is C$63.39 and its 200-day simple moving average is C$66.10. GFL Environmental has a twelve month low of C$59.24 and a twelve month high of C$71.82.

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

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were given a dividend of $0.0154 per share. The ex-dividend date was Wednesday, October 15th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is currently 0.88%.

GFL Environmental Company Profile

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.