At the time of writing, GFL Environmental Inc. [GFL] stock is trading at $39.75, up 0.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GFL shares have gain 0.66% over the last week, with a monthly amount drifted -3.59%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
GFL Environmental Inc. [NYSE: GFL] stock has seen the most recent analyst activity on July 09, 2024, when BMO Capital Markets downgraded its rating to a Market Perform and also revised its price target to $42 from $43. On January 31, 2024, UBS initiated with a Buy rating and assigned a price target of $44 on the stock. BofA Securities downgraded its rating to a Neutral but stick to its price target of $35 on January 19, 2024. Wells Fargo initiated its recommendation with a Equal Weight. TD Cowen started tracking with a Outperform rating for this stock on November 07, 2023, and assigned it a price target of $40. In a note dated October 20, 2023, Truist initiated an Buy rating and provided a target price of $46 on this stock.
For the past year, the stock price of GFL Environmental Inc. fluctuated between $26.87 and $43.79. Currently, Wall Street analysts expect the stock to reach $44.9 within the next 12 months. GFL Environmental Inc. [NYSE: GFL] shares were valued at $39.75 at the most recent close of the market. An investor can expect a potential return of 12.96% based on the average GFL price forecast.
Analyzing the GFL fundamentals
According to GFL Environmental Inc. [NYSE:GFL], the company’s sales were 5.63B for trailing twelve months, which represents an 4.04% jump. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.09 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.28 points at the first support level, and at 38.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.03, and for the 2nd resistance point, it is at 40.32.
Ratios To Look Out For
It is important to note that GFL Environmental Inc. [NYSE:GFL] has a current ratio of 0.89. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 2.66, the price to book ratio is 3.04.
Transactions by insiders
Recent insider trading involved Patrick Dovigi, Director, that happened on Sep 06 ’24 when 0.6 million shares were purchased. Director, Patrick Dovigi completed a deal on Aug 08 ’24 to buy 0.6 million shares.
