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

GFL Environmental (TSE:GFL) was upgraded by stock analysts at Barclays to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

GFL Environmental Stock Up 2.1%

Shares of TSE:GFL opened at C$58.91 on Wednesday. GFL Environmental has a 52 week low of C$46.12 and a 52 week high of C$68.65. The company has a debt-to-equity ratio of 137.83, a quick ratio of 0.57 and a current ratio of 0.75. The company’s fifty day moving average is C$56.42 and its 200-day moving average is C$55.20. The company has a market capitalization of C$21.26 billion, a PE ratio of -120.22, a P/E/G ratio of -0.76 and a beta of 0.11.

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 business had revenue of C$1.95 billion during the quarter. Equities research analysts predict that GFL Environmental will post 1.6870788 earnings per share for the current fiscal year.

About GFL Environmental

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.