GFL Environmental Inc. (GFL) concluded trading on Thursday at a closing price of $36.08, with 4.46 million shares of worth about $160.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.26% during that period and on Thursday the price saw a gain of about 1.41%. Currently the company’s common shares owned by public are about 359.35M shares, out of which, 221.89M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 33 times over the past 12 months. They bought 732,113 shares in 14 of the transactions. In 19 selling transactions, insiders dumped 1,099,775 shares.
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Stock saw a price change of 2.27% in past 5 days and over the past one month there was a price change of 6.06%. Year-to-date (YTD), GFL shares are showing a performance of 4.55% which increased to 18.80% 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 1.28 million. The stock is currently trading 1.34% above its 20-day simple moving average (SMA20), while that difference is up 5.45% for SMA50 and it goes to 7.35% higher than SMA200.
GFL Environmental Inc. (NYSE: GFL) currently have 359.35M outstanding shares and institutions hold larger chunk of about 56.91% of that.
The stock has a current market capitalization of $13.35B and its 3Y-monthly beta is at 1.14. It has posted earnings per share of -$0.06 in the same period. It has Quick Ratio of 0.77 while making debt-to-equity ratio of 1.29. 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 3.12% while standing at 2.76% over the month.
Analysts are in expectations that GFL Environmental Inc. (GFL) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.26 and it is $1.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.12 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 $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 23.51% while it is estimated to increase by 27.13% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on January 31, 2024 offering a Buy rating for the stock and assigned a target price of $44 to it. Coverage by BofA Securities stated GFL Environmental Inc. (GFL) stock as a Neutral in their note to investors on January 19, 2024, suggesting a price target of $35 for the stock. On November 27, 2023, Wells Fargo Initiated their recommendations, while on November 07, 2023, TD Cowen Initiated their ratings for the stock with a price target of $40. Stock get a Buy rating from Truist on October 20, 2023.
