The stock of GFL Environmental Inc. (NYSE:GFL) decreased by -$0.39 on Friday to finish at $32.30, down -1.19 percent. The last five days have seen an average of 1,359,660 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $3.07. The average number of shares traded over the last 20 days was 1,452,795, while the average volume over the last 50 days totaled 1,090,004.
GFL stock dropped -7.08% since last month. On 08/25/23, the company’s shares reached a one-month low of $32.24. The stock touched a high of $39.06 on 07/05/23, after rallying from a low of $23.10 in 52 weeks. The price of GFL stock has risen by 10.50% or $3.07 this year, reaching a new high 25 times. Still, the stock price is down -17.30% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.22, the price-to-book (PB) ratio of 1.68, and the price-to-cash flow ratio of 116.31.
Company paid $0.0130 per share in dividends, remained unchanged from $0.0130 last year. A $0.0010 dividend increase was reported on Thursday April 6 2023.
Financial Health
For the three months ended June 29, GFL Environmental Inc.’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.16, and the total debt to equity ratio is 1.16. As far as profitability goes, gross margin for the trailing twelve months is 14.00% percent. GFL Environmental Inc.’s EBITDA margin for the year ended June 29 was 24.75%, whereas its operating margin stood at 10.40% for the same period. Based on annual data, it had gross profit of $613.51 million and revenue of $5.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GFL’s return on assets (ROA) during the last 12 months has been -1.90%. There was a 1.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.70%.
Earnings Surprise
According to GFL Environmental Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.21 billion, while revenues rose by 100.0% to $0.0. It was predicted that GFL Environmental Inc.’s quarterly earnings would be $0.36, but it ended up being $0.19, beating the consensus by 89.50%. EBITDA was $366.65 million for the quarter. At the end of GFL Environmental Inc.’s most recent quarter ended June 29, its liabilities totaled 8.5 billion, while its total debt was $8.29 billion.
Technical Picture
Here’s a quick look at GFL Environmental Inc.’s (GFL) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 30.65%, suggesting the stock is Neutral, with a 23.58% historical volatility rate.
The stochastic %K and %D were 21.16% and 42.84% respectively, while the average true range (ATR) was 0.88. Based on the 14-day stochastic reading of 2.48%, the RSI (14) reading is 32.01%. On the 9-day MACD Oscillator, the stock is at -0.49, and the 14-day reading is at -0.40.
Analyst Ratings
Analysts have assigned GFL Environmental Inc. (GFL) an Buy rating. GFL is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is GFL’s price target for the next 12 months?
The current consensus forecast for the stock is between $29.18 and $45.00, with a median target price of $42.06. In analyzing these forecasts, the average price target given by analysts for GFL Environmental Inc. (GFL) is $41.38.
