A share of GFL Environmental Inc. (NYSE:GFL) closed at $26.75 per share on Thursday, down from $27.94 day before. While GFL Environmental Inc. has underperformed by -4.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GFL fell by -28.05%, with highs and lows ranging from $43.71 to $24.00, whereas the simple moving average fell by -11.91% in the last 200 days.
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On March 01, 2022, JP Morgan started tracking GFL Environmental Inc. (NYSE: GFL) recommending Overweight. A report published by TD Securities on December 20, 2021, Upgraded its rating to ‘Buy’ for GFL. JP Morgan also Upgraded GFL shares as ‘Overweight’, setting a target price of $39 on the company’s shares in a report dated July 30, 2021. Goldman initiated its ‘Neutral’ rating for GFL, as published in its report on April 07, 2021. JP Morgan’s report from February 26, 2021 suggests a price prediction of $31 for GFL shares, giving the stock a ‘Neutral’ rating. Barclays also rated the stock as ‘Equal Weight’.
Analysis of GFL Environmental Inc. (GFL)
It’s important to note that GFL shareholders are currently getting $0.06 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 40.40%, showing a positive trend in the upcoming months.
GFL Environmental Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -5.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and GFL is registering an average volume of 1.06M. On a monthly basis, the volatility of the stock is set at 2.97%, whereas on a weekly basis, it is put at 3.46%, with a loss of -8.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $43.17, showing growth from the present price of $26.75, which can serve as yet another indication of whether GFL is worth investing in or should be passed over.
How Do You Analyze GFL Environmental Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.61%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GFL shares are owned by institutional investors to the tune of 76.88% at present.