Citigroup Upgrades GFL Environmental (TSE:GFL) to “Strong-Buy”

GFL Environmental (TSE:GFL) was upgraded by equities research analysts at Citigroup to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Separately, Scotiabank raised GFL Environmental to a “strong-buy” rating in a report on Friday, October 4th.

GFL Environmental Trading Up 0.2 %

GFL Environmental stock opened at C$62.10 on Monday. The business has a 50 day moving average price of C$63.76 and a two-hundred day moving average price of C$58.78. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. The stock has a market cap of C$23.64 billion, a price-to-earnings ratio of -30.29, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. GFL Environmental has a 12 month low of C$41.90 and a 12 month high of C$68.43.

GFL Environmental (TSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.01. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%. The firm had revenue of C$2.01 billion during the quarter, compared to analysts’ expectations of C$2.06 billion. As a group, equities analysts forecast that GFL Environmental will post 1.6870788 EPS for the current year.

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.