GFL Environmental (TSE:GFL) Sets New 52-Week High – Time to Buy?

GFL Environmental Inc. (TSE:GFL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$69.64 and last traded at C$69.55, with a volume of 70475 shares traded. The stock had previously closed at C$66.83.

Wall Street Analysts Forecast Growth

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

GFL Environmental Price Performance

The stock has a market cap of C$26.77 billion, a price-to-earnings ratio of -45.53, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The stock has a fifty day simple moving average of C$64.35 and a 200-day simple moving average of C$61.35. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 147.75.

GFL Environmental Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.08%. The ex-dividend date was Monday, January 13th. GFL Environmental’s payout ratio is currently -5.25%.

GFL Environmental Company Profile

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.