Is GFL Environmental Inc. (GFL) A Good Investment?

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GFL Environmental Inc. (NYSE:GFL) traded with a subtraction of -$0.97 to $26.97 on Thursday, a downside of -3.47 percent. An average of 968,465 shares of common stock have been traded in the last five days. There was a fall of -$2.23 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,092,781 shares traded, while the 50-day average volume stands at 1,012,693.

GFL stock has decreased by -0.78% in the last month. The company shares reached their 1-month lowest point of $27.01 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $24.00 and a high of $43.71 in 52 weeks. It has reached a new high 1 time so far this year and lost -26.18% or -$10.77 in price. In spite of this, the price is down -38.30% from the 52-week high.


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Valuation Metrics

GFL Environmental Inc. (GFL) has a trailing price-to-sales (P/S) ratio at 2.09, the price-to-book (PB) ratio at 1.67, and the price-to-cash flow ratio at 64.15.

Financial Health

The quick ratio of GFL Environmental Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.47 and a total debt to equity ratio of 1.49 for the quarter ending June 29. Its gross profit as reported stood at $420.97 million compared to revenue of $4.41 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, GFL Environmental Inc.’s return on assets was -1.70%.

Earnings Surprise

For the three-month period that ended June 29, GFL Environmental Inc. had $28.5 million in total debt. The analyst consensus anticipated GFL Environmental Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.18, a 200.00% surprise. For the quarter, EBITDA amounted to $327.83 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at GFL Environmental Inc. (GFL) price momentum. RSI 9-day as of the close on 21 September was 31.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.09%.

As of today, GFL’s price is $27.95 -7.61% or -$2.23 from its 5-day moving average. GFL is currently trading -6.23% lower than its 20-day SMA and -10.12% lower than its 100-day SMA. However, the stock’s current price level is +9.64% above the SMA50 and -28.06% below the SMA200.

The stochastic %K and %D were 10.69% and 15.28%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 1.59% and the average true range at 0.85, the RSI (14) stands at 38.21%. The stock has reached -1.10 on the 9-day MACD Oscillator while the 14-day reading was at -1.16.

What is GFL’s price target for the next 12 months?

Analysts predict a range of price targets between $25.75 and $48.00, with a median target of $40.19. Taking a look at these predictions, the average price target given by analysts for GFL Environmental Inc. (GFL) stock is $39.20.

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