GFL Environmental (TSE:GFL) Sets New 1-Year Low – Here’s Why

GFL Environmental Inc. (TSE:GFLGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$48.67 and last traded at C$49.50, with a volume of 301961 shares traded. The stock had previously closed at C$49.98.

Analyst Upgrades and Downgrades

Separately, Wolfe Research upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Friday, March 13th. Five analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Analysis on GFL

GFL Environmental Price Performance

The stock’s 50-day moving average price is C$56.16 and its 200-day moving average price is C$58.91. The company has a market capitalization of C$18.42 billion, a price-to-earnings ratio of 73.97, a price-to-earnings-growth ratio of -0.76 and a beta of 0.20. The company has a quick ratio of 0.57, a current ratio of 1.51 and a debt-to-equity ratio of 135.90.

GFL Environmental (TSE:GFLGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported C$0.08 earnings per share (EPS) for the quarter. GFL Environmental had a net margin of 3.12% and a return on equity of 3.01%. The company had revenue of C$1.64 billion for the quarter. Equities research analysts anticipate that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were given 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 was Monday, April 13th. GFL Environmental’s dividend payout ratio is presently 12.33%.

About GFL Environmental

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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.

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