GFL Environmental (TSE:GFL) Hits New 52-Week High – Here’s Why

GFL Environmental Inc. (TSE:GFL) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$69.64 and last traded at C$69.55, with a volume of 70475 shares changing hands. The stock had previously closed at C$66.83.

Analysts Set New Price Targets

Separately, Citigroup raised GFL Environmental to a “strong-buy” rating in a research report on Monday, January 27th.

GFL Environmental Trading Up 0.0 %

The company has a debt-to-equity ratio of 147.75, a quick ratio of 0.57 and a current ratio of 0.58. The company’s 50-day moving average price is C$64.54 and its 200-day moving average price is C$61.47. The firm has a market capitalization of C$26.56 billion, a PE ratio of -45.17, a PEG ratio of -0.76 and a beta of 1.03.

GFL Environmental Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is -5.25%.

About GFL Environmental

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.