GFL Environmental (TSE:GFL) Shares Climb 0.3% – Still a Buy?

GFL Environmental Inc. (TSE:GFL)’s stock price rose 0.3% on Tuesday. The company traded as high as C$60.94 and last traded at C$60.50. Approximately 977,839 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 678,155 shares. The stock had previously closed at C$60.32.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of GFL Environmental to a “strong-buy” rating in a research report on Wednesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

GFL Environmental Stock Up 0.4%

The stock has a 50 day moving average price of C$58.52 and a 200-day moving average price of C$55.19. The stock has a market capitalization of C$26.24 billion, a P/E ratio of -122.80, a PEG ratio of -0.76 and a beta of 0.00. The company has a debt-to-equity ratio of 137.83, a current ratio of 0.75 and a quick ratio of 0.57.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$1.95 billion for the quarter. GFL Environmental had a negative return on equity of 3.32% and a negative net margin of 3.26%. As a group, research analysts expect that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be paid a $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. GFL Environmental’s payout ratio is -17.74%.

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.