GFL Environmental (TSE:GFL) Stock Price Up 1% – Time to Buy?

GFL Environmental Inc. (TSE:GFL) shares rose 1% during mid-day trading on Monday . The company traded as high as C$64.11 and last traded at C$63.89. Approximately 523,424 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 383,705 shares. The stock had previously closed at C$63.28.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays upgraded GFL Environmental to a “strong-buy” rating in a research note on Friday, September 19th. William Blair upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Thursday, September 25th. Five equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

GFL Environmental Stock Performance

The company has a market cap of C$23.61 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of -0.76 and a beta of 0.14. The stock has a 50 day moving average price of C$66.09 and a two-hundred day moving average price of C$66.97. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 147.75.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 31st will be issued a dividend of $0.0154 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is currently 0.88%.

About GFL Environmental

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.