GFL Environmental (TSE:GFL) Stock Price Up 3.2% – Time to Buy?

GFL Environmental Inc. (TSE:GFL)’s share price was up 3.2% during trading on Tuesday . The company traded as high as C$51.21 and last traded at C$51.17. 888,694 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 563,059 shares. The stock had previously closed at C$49.60.

Wall Street Analyst Weigh In

Separately, Wolfe Research upgraded GFL Environmental to a “strong-buy” rating in a research note on Friday, March 13th. Four research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

GFL Environmental Stock Up 3.2%

The company’s 50 day simple moving average is C$50.88 and its 200-day simple moving average is C$56.33. The company has a current ratio of 1.51, a quick ratio of 0.57 and a debt-to-equity ratio of 135.90. The firm has a market cap of C$18.47 billion, a P/E ratio of 74.16, a PEG ratio of -0.76 and a beta of 0.17.

GFL Environmental (TSE:GFL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.08 EPS for the quarter. GFL Environmental had a net margin of 3.12% and a return on equity of 3.01%. The firm had revenue of C$1.64 billion during the quarter. Research analysts forecast that GFL Environmental Inc. will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were issued a $0.0169 dividend. The ex-dividend date was Monday, April 13th. This represents a $0.07 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is currently 12.33%.

About GFL Environmental

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.