The stock of GFL Environmental Inc. (NYSE:GFL) last traded at $37.60, down -0.29% from the previous session.
Data from the available sources indicates that GFL Environmental Inc. (NYSE:GFL) is covered by 13 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $45.82 and a low of $26.91, we find $40.55. Given the previous closing price of $37.71, this indicates a potential upside of 7.53 percent. GFL stock price is now 9.82% away from the 50-day moving average and 25.45% away from the 200-day moving average. The market capitalization of the company currently stands at $18.79B.
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In total, 0 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $40.26 as their price target over the next twelve months.
On October 21, 2022, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $34 to quote $32.50, while ‘JP Morgan’ rates the stock as ‘Overweight’.
A total of 3.21% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GFL stock. A new stake in GFL Environmental Inc. shares was purchased by FRED ALGER MANAGEMENT, LLC during the first quarter worth $134,520,000. GLADSTONE CAPITAL MANAGEMENT LLP invested $43,157,000 in shares of GFL during the first quarter. In the first quarter, CAISSE DE DEPOT ET PLACEMENT DU QUEBEC acquired a new stake in GFL Environmental Inc. valued at approximately $42,688,000. MARSHALL WACE, LLP acquired a new stake in GFL for approximately $28,542,000. HRT FINANCIAL LP purchased a new stake in GFL valued at around $21,650,000 in the second quarter. In total, there are 334 active investors with 96.09% ownership of the company’s stock.
With an opening price of $37.67 on Monday morning, GFL Environmental Inc. (NYSE: GFL) set off the trading day. During the past 12 months, GFL Environmental Inc. has had a low of $23.10 and a high of $38.26. As of last week, the company has a debt-to-equity ratio of 1.43, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for GFL is $34.36 and a two-hundred day moving average price translates $30.02 for the stock.
The latest earnings results from GFL Environmental Inc. (NYSE: GFL) was released for Mar, 2023. According to the Waste Management Company, earnings per share came in at -$0.01, missing analysts’ expectations of $0.06 by -0.07. This compares to -$0.24 EPS in the same period last year. The net profit margin was -8.10% and return on equity was -9.10% for GFL. The company reported revenue of $1.33 billion for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.18 percent. For the current quarter, analysts expect GFL to generate $1.32B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/28/2023. Investors who held shares on 04/17/2023 were paid a $0.013 dividend. On an annualized basis, this represents a $0.07 dividend and a 0.19% percent yield. There was an ex-dividend date of 04/14/2023 for this dividend.
