GFL Environmental (TSE:GFL) Hits New 52-Week Low – Time to Sell?

Shares of GFL Environmental Inc. (TSE:GFL) hit a new 52-week low during trading on Monday . The company traded as low as C$58.75 and last traded at C$58.92, with a volume of 23802 shares trading hands. The stock had previously closed at C$59.52.

Wall Street Analysts Forecast Growth

GFL has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of GFL Environmental to a “hold” rating in a report on Monday, November 24th. William Blair raised GFL Environmental to a “strong-buy” rating in a research report on Thursday, September 25th. Wells Fargo & Company upgraded GFL Environmental to a “strong-buy” rating in a research note on Thursday, November 13th. Finally, Barclays upgraded GFL Environmental to a “strong-buy” rating in a research note on Friday, September 19th. Six research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

GFL Environmental Price Performance

The firm has a market capitalization of C$20.63 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of -0.76 and a beta of 0.09. The company’s 50 day moving average is C$62.41 and its 200 day moving average is C$65.27. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 147.75.

GFL Environmental (TSE:GFL) last announced its earnings results on Wednesday, November 5th. The company reported C$0.28 earnings per share (EPS) for the quarter. GFL Environmental had a negative net margin of 7.55% and a negative return on equity of 8.41%. The firm had revenue of C$1.69 billion for the quarter. On average, equities research analysts anticipate that GFL Environmental Inc. will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. GFL Environmental’s dividend payout ratio is 0.88%.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its infrastructure and soil remediation business line provides remediation of contaminated soils and complementary services, including civil, demolition, excavation, and shoring services.