GFL Environmental (TSE:GFL) Sets New 1-Year Low – Should You Sell?

GFL Environmental Inc. (TSE:GFL) reached a new 52-week low on Monday . The stock 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.

Analyst Upgrades and Downgrades

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

GFL Environmental Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 147.75. The stock has a fifty day simple moving average of C$62.21 and a 200-day simple moving average of C$65.15. The stock has a market cap of C$20.59 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of -0.76 and a beta of 0.09.

GFL Environmental (TSE:GFL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.28 earnings per share for the quarter. The company had revenue of C$1.69 billion during the quarter. GFL Environmental had a negative return on equity of 8.41% and a negative net margin of 7.55%. As a group, equities research analysts expect that GFL Environmental Inc. will post 1.6870788 EPS for the current year.

GFL Environmental Announces Dividend

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

About GFL Environmental

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.