GFL Environmental (TSE:GFL) Hits New 52-Week Low – What’s Next?

GFL Environmental Inc. (TSE:GFLGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$48.45 and last traded at C$48.57, with a volume of 194457 shares. The stock had previously closed at C$49.08.

Analyst Upgrades and Downgrades

Separately, Wolfe Research raised shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, March 13th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, GFL Environmental currently has an average rating of “Strong Buy”.

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GFL Environmental Stock Performance

The firm’s 50-day moving average price is C$54.17 and its two-hundred day moving average price is C$58.05. The company has a debt-to-equity ratio of 135.90, a quick ratio of 0.57 and a current ratio of 1.51. The stock has a market cap of C$16.87 billion, a price-to-earnings ratio of 67.72, a PEG ratio of -0.76 and a beta of 0.20.

GFL Environmental (TSE:GFLGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$1.64 billion for the quarter. GFL Environmental had a net margin of 3.12% and a return on equity of 3.01%. On average, analysts expect that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were given a dividend of $0.0169 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.07 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s payout ratio is presently 12.33%.

About GFL Environmental

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GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.

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