GFL Environmental Inc. (GFL) concluded trading on 12/13/23 at a closing price of $31.78, with 3.89 million shares of worth about $123.64 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.21% during that period and on Wednesday the price saw a gain of about 5.51%. Currently the company’s common shares owned by public are about 331.63M shares, out of which, 219.96M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the GFL stock and their offered price forecasts bring an average price target of $38.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $46.00 and could fall to a lowest price of $29.08. The stock’s current price level is 16.74% above of average price target set by the analysts, while a rise to estimated low would result in loss of -9.28% for the stock. However, touching the estimated high of $46.00 would mean a gain of 30.91% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 734,458 shares in 15 of the transactions. In 21 selling transactions, insiders dumped 1,139,775 shares.
American Funds AMCAP Fund, Government Pension Fund – Global, and American Funds Insurance Series – are the top 3 mutual funds which are holding stakes in GFL Environmental Inc. American Funds AMCAP Fund is currently holding 8.64 million shares of worth totaling $249.11 million. The company recently came buying 5.12 million shares which brought its stake up to 2.42% of the company’s outstanding shares. Government Pension Fund – Global bought 3.57 million shares, after which its hold over company’s outstanding shares expand to 2.14%, leaving 7.66 million shares with the mutual fund that have a worth of about $220.85 million. American Funds Insurance Series -, after buying 5.52 million shares, have now control over 1.55% of the stake in the company. It holds 1.12 million shares of worth $159.23 million.
However, the stock later moved at a day high price of 31.97, or with a gain of 5.51%. Stock saw a price change of 9.06% in past 5 days and over the past one month there was a price change of 10.81%. Year-to-date (YTD), GFL shares are showing a performance of 8.72% which increased to 11.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.87 but also hit the highest price of $39.06 during that period. The average intraday trading volume for GFL Environmental Inc. shares is 1.37 million. The stock is currently trading 8.79% above its 20-day simple moving average (SMA20), while that difference is up 6.92% for SMA50 and it goes to -5.33% lower than SMA200.
GFL Environmental Inc. (NYSE: GFL) currently have 331.63M outstanding shares and institutions hold larger chunk of about 55.69% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $11.76B and its 3Y-monthly beta is at 1.11. It has posted earnings per share of -$0.34 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 1.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GFL, volatility over the week remained 3.61% while standing at 2.97% over the month.
Analysts are in expectations that GFL Environmental Inc. (GFL) stock would likely to be making an EPS of $GlobalFoundries Inc. in the current quarter, while forecast for next quarter EPS is $57.75 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Foot Locker, Inc. which is $Gildan Activewear, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $SFL Corporation Ltd in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 124.37% while it is estimated to increase by 13.68% in next year.
Analysts at 18 brokerage firms have issued recommendations for the GFL Environmental Inc. (GFL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.39. Out of those 18 Wall Street analysts, 15 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
