GFL Environmental (TSE:GFL) Hits New 1-Year High – Still a Buy?

GFL Environmental Inc. (TSE:GFL) shares reached a new 52-week high on Monday . The stock traded as high as C$70.87 and last traded at C$70.80, with a volume of 8341 shares traded. The stock had previously closed at C$69.61.

Wall Street Analyst Weigh In

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

GFL Environmental Price Performance

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 stock has a market capitalization of C$27.12 billion, a price-to-earnings ratio of -46.12, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The stock has a 50 day moving average price of C$67.32 and a 200-day moving average price of C$64.50.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.0154 per share. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.09%. GFL Environmental’s dividend payout ratio is presently -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.