GFL Environmental (TSE:GFL) Hits New 12-Month Low – Here’s What Happened

GFL Environmental Inc. (TSE:GFL) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$56.50 and last traded at C$56.54, with a volume of 202883 shares trading hands. The stock had previously closed at C$59.78.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GFL shares. Wells Fargo & Company raised shares of GFL Environmental to a “strong-buy” rating in a report on Thursday, November 13th. The Goldman Sachs Group upgraded GFL Environmental to a “hold” rating in a research report on Monday, November 24th. Four research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

GFL Environmental Price Performance

The business’s 50-day moving average price is C$59.38 and its 200 day moving average price is C$63.15. The company has a market capitalization of C$20.53 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of -0.76 and a beta of 0.05. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 147.75.

GFL Environmental (TSE:GFL) last posted its earnings results on Wednesday, February 11th. The company reported C$0.37 earnings per share for the quarter. GFL Environmental had a negative net margin of 7.55% and a negative return on equity of 8.41%. The business had revenue of C$1.69 billion for the quarter. Analysts anticipate that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

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. Its infrastructure and soil remediation business line provides remediation of contaminated soils and complementary services, including civil, demolition, excavation, and shoring services.