GFL Environmental (TSE:GFL) Shares Up 0.3% – Time to Buy?

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

Analyst Upgrades and Downgrades

Separately, Barclays upgraded 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

GFL Environmental Trading Up 0.3%

The business’s 50-day moving average price is C$58.45 and its two-hundred day moving average price is C$55.18. The company has a debt-to-equity ratio of 137.83, a current ratio of 0.75 and a quick ratio of 0.57. The firm has a market cap of C$26.38 billion, a price-to-earnings ratio of -123.47, a price-to-earnings-growth ratio of -0.76 and a beta of 0.00.

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

GFL Environmental Announces Dividend

The firm 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 dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. GFL Environmental’s dividend payout ratio is currently -17.74%.

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.