GFL Environmental (TSE:GFL) Stock Price Down 0.2% – Should You Sell?

GFL Environmental Inc. (TSE:GFL) traded down 0.2% during trading on Friday . The company traded as low as C$63.92 and last traded at C$64.28. 111,649 shares were traded during trading, a decline of 57% from the average session volume of 259,764 shares. The stock had previously closed at C$64.39.

Analysts Set New Price Targets

Separately, Scotiabank raised GFL Environmental to a “strong-buy” rating in a research report on Friday, October 4th.

GFL Environmental Stock Performance

The stock has a market capitalization of C$24.47 billion, a price-to-earnings ratio of -31.36, a P/E/G ratio of -0.76 and a beta of 1.03. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 145.69. The firm has a 50-day moving average of C$62.37 and a 200-day moving average of C$57.13.

GFL Environmental (TSE:GFL) last issued its earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%. The firm had revenue of C$2.01 billion for the quarter, compared to analyst estimates of C$2.06 billion. As a group, sell-side analysts predict that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $0.019 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s payout ratio is -3.90%.

GFL Environmental Company Profile

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.