GFL Environmental (TSE:GFL) Stock Jumps 0.3% – Time to Buy?

Shares of GFL Environmental Inc. (TSE:GFL) were up 0.3% during mid-day trading on Tuesday. The company traded as high as C$60.94 and last traded at C$60.50. 977,839 shares were traded during trading, an increase of 44% from the average daily volume of 678,155 shares. The stock had previously closed at C$60.32.

Analysts Set New Price Targets

Separately, Barclays raised GFL Environmental to a “strong-buy” rating in a research note on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

GFL Environmental Stock Up 0.3%

The company has a current ratio of 0.75, a quick ratio of 0.57 and a debt-to-equity ratio of 137.83. The firm has a 50 day moving average price of C$58.45 and a 200-day moving average price of C$55.18. The firm has a market cap of C$26.38 billion, a price-to-earnings ratio of -123.47, a P/E/G ratio of -0.76 and a beta of 0.00.

GFL Environmental (TSE:GFL) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$1.95 billion for the quarter. GFL Environmental had a negative net margin of 3.26% and a negative return on equity of 3.32%. On average, equities analysts forecast that GFL Environmental Inc. will post 1.6870788 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. GFL Environmental’s dividend payout ratio (DPR) is -17.74%.

GFL Environmental Company Profile

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.