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GFL Environmental (TSE:GFL) Hits New 52-Week High - Should You Buy?

GFL Environmental logo with Industrials background

Shares of GFL Environmental Inc. (TSE:GFL - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$64.63 and last traded at C$64.63, with a volume of 6080 shares. The stock had previously closed at C$63.93.

Analyst Ratings Changes

Separately, Scotiabank raised shares of GFL Environmental to a "strong-buy" rating in a report on Friday, October 4th.

Read Our Latest Stock Report on GFL Environmental

GFL Environmental Trading Up 0.3 %

The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. The firm has a market cap of C$24.41 billion, a P/E ratio of -31.27, a P/E/G ratio of -0.76 and a beta of 1.03. The company's 50 day simple moving average is C$57.36 and its 200-day simple moving average is C$53.70.

GFL Environmental (TSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.01. The business had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. As a group, research analysts predict that GFL Environmental Inc. will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's payout ratio is -3.90%.

Insider Buying and Selling at GFL Environmental

In related news, Senior Officer Mindy Beth Gilbert sold 7,733 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of C$54.86, for a total transaction of C$424,232.38. Also, Director Patrick Joseph Dovigi sold 600,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$53.39, for a total transaction of C$32,036,634.00. Insiders sold a total of 687,224 shares of company stock worth $36,805,967 over the last three months. Corporate insiders own 2.96% of the company's stock.

About GFL Environmental

(Get Free Report)

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.

Further Reading

Should you invest $1,000 in GFL Environmental right now?

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