The stock of GFL Environmental Inc. (NYSE:GFL) last traded at $34.43, down -0.95% from the previous session.
Data from the available sources indicates that GFL Environmental Inc. (NYSE:GFL) is covered by 14 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $45.47 and a low of $29.47, we find $42.06. Given the previous closing price of $34.76, this indicates a potential upside of 21.0 percent. GFL stock price is now -7.64% away from the 50-day moving average and 6.57% away from the 200-day moving average. The market capitalization of the company currently stands at $16.44B.
In total, 0 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $41.64 as their price target over the next twelve months.
A total of 3.05% 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 $123,179,000. GLADSTONE CAPITAL MANAGEMENT LLP invested $39,519,000 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 $39,089,000. MARSHALL WACE, LLP acquired a new stake in GFL for approximately $26,136,000. HRT FINANCIAL LP purchased a new stake in GFL valued at around $19,825,000 in the second quarter. In total, there are 339 active investors with 92.64% ownership of the company’s stock.
With an opening price of $35.07 on Friday 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 $39.06. 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 $37.22 and a two-hundred day moving average price translates $32.36 for the stock.
The latest earnings results from GFL Environmental Inc. (NYSE: GFL) was released for Jun, 2023. According to the Waste Management Company, earnings per share came in at $0.06, beating analysts’ expectations of -$0.03 by 0.09. This compares to -$0.24 EPS in the same period last year. The net profit margin was -4.20% and return on equity was -4.90% 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 $1.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 07/17/2023 were paid a $0.013 dividend. On an annualized basis, this represents a $0.07 dividend and a 0.20% percent yield. There was an ex-dividend date of 07/14/2023 for this dividend.
GFL Environmental Inc.(GFL) Company Profile
GFL Environmental Inc. offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers. GFL Environmental Inc. was incorporated in 2007 and is headquartered in Vaughan, Canada.
