GFL Environmental (TSE:GFL) Reaches New 52-Week Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GFL. The Goldman Sachs Group raised shares of GFL Environmental to a “hold” rating in a research report on Monday, November 24th. William Blair raised GFL Environmental to a “strong-buy” rating in a report on Thursday, September 25th. Barclays upgraded GFL Environmental to a “strong-buy” rating in a report on Friday, September 19th. Finally, Wells Fargo & Company raised GFL Environmental to a “strong-buy” rating in a research report on Thursday, November 13th. Six equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

GFL Environmental Stock Up 1.0%

The firm’s 50 day simple moving average is C$61.16 and its 200-day simple moving average is C$64.36. The company has a market cap of C$20.58 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of -0.76 and a beta of 0.09. The company has a debt-to-equity ratio of 147.75, a current ratio of 0.58 and a quick ratio of 0.57.

GFL Environmental (TSE:GFL) last posted its earnings results on Wednesday, November 5th. The company reported C$0.28 EPS for the quarter. The business had revenue of C$1.69 billion for the quarter. GFL Environmental had a negative return on equity of 8.41% and a negative net margin of 7.55%. As a group, sell-side analysts anticipate that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. GFL Environmental’s dividend payout ratio is presently 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. Its infrastructure and soil remediation business line provides remediation of contaminated soils and complementary services, including civil, demolition, excavation, and shoring services.