Value Hunters: Look To GFL Environmental Inc. (GFL)


    With over 1.68 million GFL Environmental Inc. (GFL) shares trading Monday and a closing price of $19.00 on the day, the dollar volume was approximately $31.99 million. The shares have shown a negative weekly performance of -10.50% and its price on 08/24/20 lost nearly -1.66%. Currently, there are 314.31M common shares owned by the public and among those 232.67M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for GFL have a consensus price objective of $25.59. The analysts have set the share’s price value over the next 12 months at a high of $30.34 and a low of $21.21 should the stock experience a downside. But an upside of 37.38% will see the stock hit the forecast high price target while mean target price for the stock is $25.00.

    The top 3 mutual fund holders in GFL Environmental Inc. are Hartford Mid Cap Fund, Putnam Sustainable Leaders Fund, and Fidelity Inv. Trust – Series Cana. Hartford Mid Cap Fund owns 5.3 million shares of the company’s stock, all valued at over $114.4 million. The company bought an additional 0.43 million shares recently to bring their total holdings to about 1.69% of the shares outstanding. Fidelity Inv. Trust – Series Cana bought 97300.0 shares to bring its total holdings to over 2.47 million shares at a value of $53.39 million. Fidelity Inv. Trust – Series Cana now owns shares totaling to 0.79% of the shares outstanding.

    Shares of GFL Environmental Inc. (NYSE: GFL) opened at $19.30, down -$0.02 from a prior closing price of $19.32. However, the script later closed the day at $19.00, down -1.66%. The company’s stock has a 5-day price change of -10.50% and 5.09% over the past three months. It has a 12-month low price of $11.92 and touched a high of $23.27 over the same period. Currently, 1.68 million shares have been traded, compared to an average intraday trading volume of 1.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.49%, -3.86%, and 6.58% respectively.

    Institutional ownership of GFL Environmental Inc. (NYSE: GFL) shares accounts for 7.32% of the company’s 314.31M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $5.97B. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.45% over the week and 5.31% over the month.

    Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 2 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the GFL, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on August 19, 2020, with the firm’s price target at $21-$24. CIBC coverage for the GFL Environmental Inc. (GFL) stock in a research note released on July 15, 2020 offered a Sector Outperform rating with a price target of. Jefferies was of a view on July 01, 2020 that the stock is Buy, while National Bank Financial gave the stock Outperform rating on April 14, 2020, issuing a price target of. BMO Capital Markets on their part issued Outperform rating on March 31, 2020.


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