GFL Environmental (TSE:GFL) Hits New 1-Year Low – Here’s Why

GFL Environmental Inc. (TSE:GFL) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$57.63 and last traded at C$57.80, with a volume of 380369 shares traded. The stock had previously closed at C$59.04.

Analyst Ratings Changes

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

GFL Environmental Trading Down 2.1%

The company has a market cap of C$20.11 billion, a P/E ratio of 6.18, a price-to-earnings-growth ratio of -0.76 and a beta of 0.09. 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 firm’s 50-day moving average price is C$61.26 and its 200-day moving average price is C$64.47.

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

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a $0.0154 dividend. 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 (DPR) is presently 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.