GFL Environmental Inc [NYSE: GFL] loss -0.02% or -0.01 points to close at $44.71 with a heavy trading volume of 298535 shares.
The daily chart for GFL points out that the company has recorded 16.43% gains over the past six months.
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If we look at the average trading volume of 1.13M shares, GFL reached to a volume of 298535 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 $50.47 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 1.55. 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.
Scotiabank have made an estimate for GFL Environmental Inc shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on October 04, 2024. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $43 to $42. The new note on the price target was released on July 09, 2024, representing the official price target for GFL Environmental Inc stock. Previously, the target price had yet another raise to $46, while RBC Capital Mkts analysts kept a Outperform rating on GFL stock.
The Average True Range (ATR) for GFL Environmental Inc is set at 1.10, with the Price to Sales ratio for GFL stock in the period of the last 12 months amounting to 3.09. The Price to Book ratio for the last quarter was 3.51, with the Price to Cash per share for the same quarter was set at 0.19. Price to Free Cash Flow for GFL in the course of the last twelve months was 94.70 with Quick ratio for the last quarter at 0.58.
Trading performance analysis for GFL stock
GFL Environmental Inc [GFL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.34. With this latest performance, GFL shares dropped by -2.55% in over the last four-week period, additionally plugging by 16.43% over the last 6 months – not to mention a rise of 34.18% 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 46.97, with the RSI for the last a single of trading hit 41.81, and the three-weeks RSI is set at 50.47 for GFL Environmental Inc [GFL]. The present Moving Average for the last 50 days of trading for this stock 44.09, while it was recorded at 44.96 for the last single week of trading, and 38.87 for the last 200 days.
GFL Environmental Inc [GFL]: A deeper dive into fundamental analysis
GFL Environmental Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.58 and a Current Ratio set at 0.58.
An analysis of Institutional ownership at GFL Environmental Inc [GFL]
There are presently around $81.30%, or 83.79%% 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 43.56 million shares, which is approximately 11.6775%. ONTARIO TEACHERS PENSION PLAN BOARD, holding 35.36 million shares of the stock with an approximate value of $$1.38 billion in GFL stocks shares; and ONTARIO TEACHERS PENSION PLAN BOARD, currently with $$912.5 million in GFL stock with ownership which is approximately 6.2817%.
