With over 3.39 million GFL Environmental Inc. (GFL) shares trading Tuesday and a closing price of $32.43 on the day, the dollar volume was approximately $110.0 million. The shares have shown a positive half year performance of 5.46% and its price on 03/14/23 gained nearly 2.50%. Currently, there are 369.12M common shares owned by the public and among those 308.31M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for GFL have a consensus price objective of $36.76. The analysts have set the share’s price value over the next 12 months at a high of $42.63 and a low of $23.68. The average price target is 14.02% above its recent price level and a downside to the estimated low will see the stock lose -36.95% over that period. But an upside of 23.93% will see the stock hit the forecast high price target while median target price for the stock is $36.93.
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The top 3 mutual fund holders in GFL Environmental Inc. are Government Pension Fund – Global, Pictet – Water, and Nordea 1 – Global Climate & Envir. Government Pension Fund – Global owns 7.66 million shares of the company’s stock, all valued at over $232.73 million. The company bought an additional 3.57 million shares recently to bring their total holdings to about 2.31% of the shares outstanding. Pictet – Water bought 0.57 million shares to see its total holdings expand to 5.6 million shares valued at over $170.16 million and representing 1.69% of the shares outstanding. Nordea 1 – Global Climate & Envir now owns shares totaling to 1.56% of the shares outstanding.
Shares of GFL Environmental Inc. (NYSE: GFL) opened at $31.51, down -$0.13 from a prior closing price of $31.64. However, the script later moved the day high at 33.23, up 2.50%. The company’s stock has a 5-day price change of -0.83% and 15.12% over the past three months. GFL shares are trading 10.95% year to date (YTD), with the 12-month market performance up to 13.47% higher. It has a 12-month low price of $23.10 and touched a high of $34.16 over the same period. GFL has an average intraday trading volume of 1.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.29%, 4.37%, and 14.14% respectively.
Institutional ownership of GFL Environmental Inc. (NYSE: GFL) shares accounts for 79.30% of the company’s 369.12M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $15.35B. The earnings-per-share (ttm) stands at -$0.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.50% over the week and 3.07% over the month.
Analysts forecast that GFL Environmental Inc. (GFL) will achieve an EPS of $0.06 for the current quarter, $0.05 for the next quarter and $0.48 for 2023. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 70.20%, and 75.58% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate GFL Environmental Inc. (GFL) as a “Strong Buy” at a consensus score of 1.70. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 0 of the 13 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the GFL, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on October 25, 2022, with the firm’s price target at $48-$41. BofA Securities coverage for the GFL Environmental Inc. (GFL) stock in a research note released on October 21, 2022 offered a Buy rating with a price target of $32.50. JP Morgan on their part issued Overweight rating on July 30, 2021.
