GFL Environmental Inc [GFL] stock is trading at $44.75, up 1.08%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GFL shares have gain 2.64% over the last week, with a monthly amount glided 9.65%, and 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 October 04, 2024, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $50. Previously, BMO Capital Markets downgraded its rating to Market Perform on July 09, 2024, and dropped its price target to $42. UBS started tracking the stock assigning a Buy rating and suggested a price target of $44 on January 31, 2024. BofA Securities downgraded its rating to a Neutral but $35 remained the price target by the analyst firm on January 19, 2024. In a note dated November 07, 2023, TD Cowen initiated an Outperform rating and provided a target price of $40 on this stock.
GFL Environmental Inc [GFL] stock has fluctuated between $26.87 and $46.48 over the past year. Currently, Wall Street analysts expect the stock to reach $45.75 within the next 12 months. GFL Environmental Inc [NYSE: GFL] shares were valued at $44.75 at the most recent close of the market. An investor can expect a potential return of 2.23% based on the average GFL price forecast.
Analyzing the GFL fundamentals
GFL Environmental Inc [NYSE:GFL] reported sales of 5.70B for the trailing twelve months, which represents a growth of 4.82%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.43.
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 44.15 points at the first support level, and at 43.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.20, and for the 2nd resistance point, it is at 45.66.
Ratios To Look Out For
For context, GFL Environmental Inc’s Current Ratio is 0.58. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 4.31, the price to book ratio is 3.51.
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.
