GFL Environmental (TSE:GFL) Sets New 12-Month High – What’s Next?

GFL Environmental Inc. (TSE:GFL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$70.03 and last traded at C$69.35, with a volume of 101420 shares. The stock had previously closed at C$68.87.

Analysts Set New Price Targets

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

GFL Environmental Trading Up 1.1 %

The firm has a market capitalization of C$26.95 billion, a price-to-earnings ratio of -45.83, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The business’s 50 day moving average price is C$65.03 and its 200-day moving average price is C$61.88. The company has a debt-to-equity ratio of 147.75, a current ratio of 0.58 and a quick ratio of 0.57.

GFL Environmental Cuts Dividend

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