GFL Environmental Inc (NYSE:GFL) price on current trading day, fall -0.14% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $44.30.
A look at the stock’s price movement, the level at last check in today’s session was $44.36. Turning to its 52-week performance, $48.87 and $30.57 were the 52-week high and 52-week low respectively. Overall, GFL moved 2.67% over the past month.
GFL Environmental Inc’s market cap currently stands at around $17.43 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.06, with its dividend yield at 0.13%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.92B for the company’s revenue for the quarter, with a low and high estimate of 1.9B and 1.96B respectively. The average forecast suggests up to a 6.77% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.44B, representing a 7.36% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GFL is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend GFL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GFL’s current price about -2.25% and -0.37% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.90, while 7-day volatility ratio is 3.66% and 2.42% in the 30-day chart. Further, GFL Environmental Inc (GFL) has a beta value of 1.16, and an average true range (ATR) of 1.21. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $50 and high of $50. Looking at the price targets, the low is -12.87% off recent price level in today’s trading while to achieve the yearly target high, it has to move -12.87%. Nonetheless, investors will most likely welcome a -12.87% jump to $50 which is the analysts’ median price.
If we refocus on GFL Environmental Inc (NYSE:GFL), historical trading data shows that trading volumes averaged 1.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 381.57 million shares.
The 34.29% of GFL Environmental Inc’s shares are in the hands of company insiders while institutional holders own 65.68% of the company’s shares. Current price change has pushed the stock -0.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GFL stock continues to rise going into the next quarter.
