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GFL Environmental (TSE:GFL) Stock Price Down 0.1% - Time to Sell?

GFL Environmental logo with Industrials background

Key Points

  • GFL Environmental's stock experienced a slight decline of 0.1%, trading between C$62.69 and C$63.83 during mid-day trading on Tuesday.
  • The company has a market capitalization of C$23.19 billion and was recently upgraded by National Bank Financial to a "strong-buy" rating.
  • GFL Environmental announced a quarterly dividend of $0.0154 per share, yielding only 0.1% annually, with a low dividend payout ratio of 0.88%.
  • MarketBeat previews the top five stocks to own by October 1st.

GFL Environmental Inc. (TSE:GFL - Get Free Report) traded down 0.1% during mid-day trading on Tuesday . The company traded as low as C$62.69 and last traded at C$63.83. 696,344 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 363,227 shares. The stock had previously closed at C$63.91.

Analyst Ratings Changes

Separately, National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Read Our Latest Report on GFL Environmental

GFL Environmental Price Performance

The firm has a market cap of C$23.19 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of -0.76 and a beta of 0.28. The business's 50-day simple moving average is C$67.26 and its two-hundred day simple moving average is C$67.55. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 147.75.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's dividend payout ratio is currently 0.88%.

About GFL Environmental

(Get Free Report)

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.

See Also

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