GFL Environmental (TSE:GFL) Hits New 52-Week High – Time to Buy?

Shares of GFL Environmental Inc. (TSE:GFL) reached a new 52-week high during trading on Tuesday . The stock 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 shares of GFL Environmental to a “strong-buy” rating in a research note on Monday, January 27th.

GFL Environmental Trading Up 1.1 %

The firm has a market capitalization of C$26.95 billion, a price-to-earnings ratio of -45.83, a PEG ratio of -0.76 and a beta of 1.03. The business’s 50-day moving average price is C$65.03 and its 200 day moving average price is C$61.88. 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 Cuts Dividend

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

GFL Environmental Company Profile

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.