GFL Environmental (TSE:GFL) Sets New 52-Week High at $58.38

GFL Environmental Inc. (TSE:GFL)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$58.38 and last traded at C$58.29, with a volume of 42437 shares changing hands. The stock had previously closed at C$57.42.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 9th.

GFL Environmental Price Performance

The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. The business has a 50-day simple moving average of C$53.85 and a 200 day simple moving average of C$49.10. The firm has a market cap of C$21.43 billion, a P/E ratio of -28.01, a price-to-earnings-growth ratio of -0.76 and a beta of 1.06.

GFL Environmental (TSE:GFL) last posted its earnings results on Wednesday, July 31st. The company reported C$0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 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$2.06 billion for the quarter, compared to analysts’ expectations of C$2.06 billion. On average, analysts anticipate that GFL Environmental Inc. will post 1.0444033 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were issued a $0.019 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.08 annualized dividend and a yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is presently -3.90%.

Insider Activity

In related news, Director Patrick Joseph Dovigi sold 291,180 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$39.65, for a total value of C$11,545,287.00. 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.