GFL Environmental (TSE:GFL) Stock Price Down 2.8% - Here's What Happened

Key Points

• GFL Environmental's stock price fell by 2.8% on Monday, trading between C$68.51 and C$68.61 with a trading volume significantly below its average.
• Despite the stock's decline, several analysts, including National Bank Financial and Seaport Res Ptn, have upgraded GFL's rating to a "strong-buy," indicating strong positive sentiment among experts.
• The company recently announced a quarterly dividend of $0.0154 per share, contributing to an annualized yield of 0.1%, with a current negative dividend payout ratio of -5.25%.

GFL Environmental Inc. (TSE:GFL - Get Free Report)'s share price was down 2.8% during trading on Monday . The stock traded as low as C$68.51 and last traded at C$68.61. Approximately 277,586 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 348,923 shares. The stock had previously closed at C$70.56.

Analyst Ratings Changes

Several equities analysts have commented on GFL shares. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, GFL Environmental presently has a consensus rating of "Strong Buy".

GFL Environmental Stock Down 2.8%

The company has a debt-to-equity ratio of 147.75, a current ratio of 0.58 and a quick ratio of 0.57. The company has a market capitalization of C$26.48 billion, a P/E ratio of -45.03, a P/E/G ratio of -0.76 and a beta of 1.03. The stock has a 50-day moving average price of C$67.47 and a 200-day moving average price of C$67.39.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were paid a dividend of $0.0154 per share. The ex-dividend date of this dividend was Monday, July 14th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental's dividend payout ratio (DPR) is currently -5.25%.

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.

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