GFL Environmental (TSE:GFL) Hits New 12-Month High – Should You Buy?

GFL Environmental Inc. (TSE:GFL)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$68.50 and last traded at C$68.33, with a volume of 166773 shares traded. The stock had previously closed at C$65.95.

Analyst Upgrades and Downgrades

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

GFL Environmental Stock Up 3.1 %

The company has a market capitalization of C$26.23 billion, a P/E ratio of -44.61, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 147.75. The company has a 50-day moving average of C$63.77 and a two-hundred day moving average of C$60.68.

GFL Environmental Cuts Dividend

The firm also recently disclosed 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.