GFL Environmental (TSE:GFL) Sets New 1-Year High – Should You Buy?

GFL Environmental Inc. (TSE:GFL) reached a new 52-week high during trading on Tuesday . The company traded as high as C$70.03 and last traded at C$69.35, with a volume of 101420 shares traded. The stock had previously closed at C$68.87.

Analysts Set New Price Targets

Separately, Citigroup raised GFL Environmental to a “strong-buy” rating in a report on Monday, January 27th.

GFL Environmental Price Performance

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 company has a market capitalization of C$26.78 billion, a price-to-earnings ratio of -45.55, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The stock’s 50-day moving average price is C$64.75 and its 200-day moving average price is C$61.67.

GFL Environmental Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a $0.014 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.08%. GFL Environmental’s dividend payout ratio (DPR) is currently -5.25%.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.