GFL Environmental (TSE:GFL) Sets New 1-Year Low - Here's What Happened

Key Points

• GFL stock hit a new 52-week low, trading as low as C$50.33 (last C$50.36) on Tuesday and was down about 1.9% with ~118,390 shares changing hands.
• Analysts remain bullish—Wolfe Research upgraded GFL to a Strong Buy and the consensus on MarketBeat is an average rating of "Strong Buy" (five Strong Buy, one Hold).
• Fundamentals show mixed signals: market cap C$18.2B and last-quarter EPS C$0.08, but a high P/E of 73.09, a debt-to-equity of 135.9, modest profitability (ROE 3.01%, net margin 3.12%) and a tiny 0.1% dividend yield.

GFL Environmental Inc. (TSE:GFL - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$50.33 and last traded at C$50.36, with a volume of 118390 shares traded. The stock had previously closed at C$51.42.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research upgraded GFL Environmental to a "strong-buy" rating in a report on Friday, March 13th. Five analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

GFL Environmental Trading Down 1.9%

The stock has a 50 day simple moving average of C$57.65 and a 200-day simple moving average of C$59.67. The firm has a market capitalization of C$18.20 billion, a P/E ratio of 73.09, a P/E/G ratio of -0.76 and a beta of 0.23. The company has a current ratio of 1.51, a quick ratio of 0.57 and a debt-to-equity ratio of 135.90.

GFL Environmental (TSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business had revenue of C$1.64 billion during the quarter. GFL Environmental had a return on equity of 3.01% and a net margin of 3.12%. On average, equities research analysts forecast that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, April 13th. GFL Environmental's payout ratio is currently 12.33%.

GFL Environmental Company Profile

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.

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