GFL Environmental (TSE:GFL) Shares Up 2% - What's Next?

Key Points

• GFL Environmental shares rose 2% to C$64.35 in mid-day trading, with volume about 14% above the average session level.
• Analyst sentiment is strongly positive: Barclays upgraded the stock to “strong buy,” while three analysts rate it Strong Buy and one rates it Hold.
• The company reported quarterly revenue of C$2.16 billion and EPS of C$0.37, but remains unprofitable overall; it also paid a quarterly dividend of C$0.0169, implying a 0.1% annualized yield.

GFL Environmental Inc. (TSE:GFL - Get Free Report) was up 2% on Monday. The company traded as high as C$64.54 and last traded at C$64.35. Approximately 805,211 shares were traded during mid-day trading, an increase of 14% from the average session volume of 705,554 shares. The stock had previously closed at C$63.10.

Analyst Ratings Changes

Separately, Barclays raised shares of GFL Environmental to a "strong-buy" rating in a research note on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, GFL Environmental currently has an average rating of "Strong Buy".

GFL Environmental Stock Up 2.0%

The company has a debt-to-equity ratio of 105.56, a quick ratio of 0.57 and a current ratio of 0.93. The business's 50 day moving average is C$60.10 and its 200-day moving average is C$56.71. The stock has a market cap of C$28.06 billion, a price-to-earnings ratio of -17.56, a PEG ratio of -0.76 and a beta of 0.00.

GFL Environmental (TSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$0.37 earnings per share (EPS) for the quarter. GFL Environmental had a negative net margin of 4.89% and a negative return on equity of 4.32%. The business had revenue of C$2.16 billion for the quarter. On average, sell-side analysts predict that GFL Environmental Inc. will post 1.69 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were given a $0.0169 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's payout ratio is currently -1.76%.

GFL Environmental Company Profile

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.

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