BMO Capital Markets Lowers GFL Environmental (TSE:GFL) to Hold

BMO Capital Markets cut shares of GFL Environmental (TSE:GFL) from a strong-buy rating to a hold rating in a report published on Tuesday, Zacks.com reports.

GFL Environmental Price Performance

Shares of GFL stock opened at C$51.78 on Tuesday. The stock’s fifty day simple moving average is C$48.55 and its 200 day simple moving average is C$47.07. The company has a debt-to-equity ratio of 130.18, a current ratio of 0.84 and a quick ratio of 0.57. The firm has a market cap of C$18.88 billion, a price-to-earnings ratio of -344.92, a P/E/G ratio of -0.76 and a beta of 1.20. GFL Environmental has a one year low of C$36.56 and a one year high of C$55.06.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Monday, July 15th.

Insiders Place Their Bets

In other GFL Environmental news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 62,872 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of C$44.92, for a total value of C$2,824,210.24. Insiders own 3.10% of the company’s stock.

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.