GFL Environmental Inc. [GFL] Revenue clocked in at $6.13 billion, down -22.88% YTD: What’s Next?

GFL Environmental Inc. [NYSE: GFL] gained 3.88% on the last trading session, reaching $29.19 price per share at the time. The company report on July 27, 2022 that GFL Environmental Reports Second Quarter 2022 Results and Raises Full Year 2022 Guidance for Second Time This Year.

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Organic revenue growth of 13.5%1 results in revenue of $1,707.5 million, increase of 40.4%1.

Solid Waste price of 7.3% and surcharges of 1.9%, highest in company history.

GFL Environmental Inc. represents 366.84 million in outstanding shares, while the company has a total market value of $12.96 billion with the latest information. GFL stock price has been found in the range of $28.38 to $29.44.

If compared to the average trading volume of 1.02M shares, GFL reached a trading volume of 2491812 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about GFL Environmental Inc. [GFL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GFL shares is $42.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GFL stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for GFL Environmental Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 01, 2022. The new note on the price target was released on December 20, 2021, representing the official price target for GFL Environmental Inc. stock. Previously, the target price had yet another raise from $36 to $39, while JP Morgan kept a Overweight rating on GFL stock.

The Average True Range (ATR) for GFL Environmental Inc. is set at 0.79, with the Price to Sales ratio for GFL stock in the period of the last 12 months amounting to 2.11. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 0.52. Price to Free Cash Flow for GFL in the course of the last twelve months was 64.89 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for GFL stock

GFL Environmental Inc. [GFL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.51. With this latest performance, GFL shares gained by 2.42% in over the last four-week period, additionally plugging by 1.32% over the last 6 months – not to mention a drop of -16.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GFL stock in for the last two-week period is set at 57.35, with the RSI for the last a single of trading hit 58.77, and the three-weeks RSI is set at 55.91 for GFL Environmental Inc. [GFL]. The present Moving Average for the last 50 days of trading for this stock 27.41, while it was recorded at 28.44 for the last single week of trading, and 31.04 for the last 200 days.

GFL Environmental Inc. [GFL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and GFL Environmental Inc. [GFL] shares currently have an operating margin of +0.45 and a Gross Margin at +9.01. GFL Environmental Inc.’s Net Margin is presently recorded at -10.98.

Return on Equity for this stock declined to -10.59, with Return on Assets sitting at -3.41.

GFL Environmental Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

An analysis of insider ownership at GFL Environmental Inc. [GFL]

There are presently around $6,244 million, or 93.41% of GFL stock, in the hands of institutional investors. The top three institutional holders of GFL stocks are: BC PARTNERS ADVISORS L.P. with ownership of 53,784,167, which is approximately 0% of the company’s market cap and around 6.62% of the total institutional ownership; ONTARIO TEACHERS PENSION PLAN BOARD, holding 43,660,872 shares of the stock with an approximate value of $1.27 billion in GFL stocks shares; and FMR LLC, currently with $474.42 million in GFL stock with ownership of nearly 2.729% of the company’s market capitalization.

Positions in GFL Environmental Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 106 institutional holders increased their position in GFL Environmental Inc. [NYSE:GFL] by around 13,837,169 shares. Additionally, 79 investors decreased positions by around 11,911,683 shares, while 20 investors held positions by with 188,150,519 shares. The mentioned changes placed institutional holdings at 213,899,371 shares, according to the latest SEC report filing. GFL stock had 33 new institutional investments in for a total of 1,348,870 shares, while 28 institutional investors sold positions of 1,062,609 shares during the same period.


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