GFL Environmental (TSE:GFL) Hits New 1-Year High – Still a Buy?

GFL Environmental Inc. (TSE:GFL)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$70.87 and last traded at C$70.80, with a volume of 8341 shares trading hands. The stock had previously closed at C$69.61.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of GFL Environmental to a “strong-buy” rating in a research report on Monday, January 27th.

GFL Environmental Price Performance

The company has a debt-to-equity ratio of 147.75, a current ratio of 0.58 and a quick ratio of 0.57. The firm has a fifty day moving average of C$67.32 and a two-hundred day moving average of C$64.50. The stock has a market capitalization of C$27.12 billion, a P/E ratio of -46.12, a P/E/G ratio of -0.76 and a beta of 1.03.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were given a $0.0154 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.09%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is presently -5.25%.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste.