GFL Environmental (TSE:GFL) Upgraded at Citigroup

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

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

GFL Environmental Trading Down 0.7 %

TSE:GFL traded down C$0.43 during mid-day trading on Monday, reaching C$62.70. The company's stock had a trading volume of 366,280 shares, compared to its average volume of 302,360. GFL Environmental has a twelve month low of C$41.90 and a twelve month high of C$68.43. The company's fifty day simple moving average is C$63.70 and its two-hundred day simple moving average is C$58.96. The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57. The stock has a market cap of C$23.87 billion, a P/E ratio of -30.59, a P/E/G ratio of -0.76 and a beta of 1.03.

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

GFL Environmental Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio (DPR) is presently -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.