GFL Environmental (TSE:GFL) Sets New 52-Week Low – Here’s Why

GFL Environmental Inc. (TSE:GFL) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$55.50 and last traded at C$55.79, with a volume of 117283 shares changing hands. The stock had previously closed at C$55.97.

Analysts Set New Price Targets

Separately, Wolfe Research upgraded shares of GFL Environmental to a “strong-buy” rating in a research report on Friday, March 13th. Five equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, GFL Environmental presently has an average rating of “Strong Buy”.

GFL Environmental Price Performance

The company has a fifty day simple moving average of C$58.98 and a 200-day simple moving average of C$61.20. The company has a market cap of C$19.27 billion, a P/E ratio of 5.38, a PEG ratio of -0.76 and a beta of 0.10. The company has a debt-to-equity ratio of 114.80, a current ratio of 0.58 and a quick ratio of 0.57.

GFL Environmental (TSE:GFL) last announced its earnings results on Wednesday, February 11th. The company reported C$0.36 earnings per share (EPS) for the quarter. GFL Environmental had a negative return on equity of 21.15% and a negative net margin of 22.76%.The company had revenue of C$1.69 billion for the quarter. On average, sell-side analysts predict that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

About GFL Environmental

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.