GFL Environmental Inc. (NYSE: GFL)’s stock price has plunge by 1.80relation to previous closing price of 32.86. Nevertheless, the company has seen a 4.86% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-04 that GFL Environmental Inc. (NYSE:GFL ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Patrick Dovigi – Founder and CEO Luke Pelosi – Chief Financial Officer Conference Call Participants Stephanie Moore – Jefferies Kevin Chiang – CIBC Wood Gundy Sabahat Khan – RBC Capital Jerry Revich – Goldman Sachs Michael Hoffman – Stifel Patrick Tyler Brown – Raymond James Michael Doumet – Scotiabank Tobey Sommer – Truist Chris Murray – ATB Capital Markets James Schumm – TD Cowen Operator Good morning, ladies and gentlemen. And welcome to the GFL Environmental 2024 First Quarter Earnings Call.
Is It Worth Investing in GFL Environmental Inc. (NYSE: GFL) Right Now?
GFL Environmental Inc. (NYSE: GFL) has a price-to-earnings ratio of 855.50x that is above its average ratio. Additionally, the 36-month beta value for GFL is 1.15. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GFL is 226.12M and currently, short sellers hold a 3.03% ratio of that float. The average trading volume of GFL on May 08, 2024 was 1.21M shares.
GFL’s Market Performance
The stock of GFL Environmental Inc. (GFL) has seen a 4.86% increase in the past week, with a -5.51% drop in the past month, and a -5.24% fall in the past quarter. The volatility ratio for the week is 4.03%, and the volatility levels for the past 30 days are at 2.70% for GFL. The simple moving average for the past 20 days is 0.85% for GFL’s stock, with a 1.90% simple moving average for the past 200 days.
Analysts’ Opinion of GFL
Many brokerage firms have already submitted their reports for GFL stocks, with RBC Capital Mkts repeating the rating for GFL by listing it as a “Outperform.” The predicted price for GFL in the upcoming period, according to RBC Capital Mkts is $46 based on the research report published on April 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see GFL reach a price target of $44. The rating they have provided for GFL stocks is “Buy” according to the report published on January 31st, 2024.
BofA Securities gave a rating of “Neutral” to GFL, setting the target price at $35 in the report published on January 19th of the current year.
GFL Trading at -2.09% from the 50-Day Moving Average
After a stumble in the market that brought GFL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.35% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 4.03%, as shares sank -5.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.08% lower at present.
During the last 5 trading sessions, GFL rose by +4.86%, which changed the moving average for the period of 200-days by -10.56% in comparison to the 20-day moving average, which settled at $33.08. In addition, GFL Environmental Inc. saw -3.07% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GFL
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.17 for the gross margin
The net margin for GFL Environmental Inc. stands at 0.01. The total capital return value is set at 0.02. Equity return is now at value 1.33, with 0.47 for asset returns.
Based on GFL Environmental Inc. (GFL), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.34. The interest coverage ratio of the stock is 0.49.
Currently, EBITDA for the company is 1.88 billion with net debt to EBITDA at 5.4. When we switch over and look at the enterprise to sales, we see a ratio of 3.5. The receivables turnover for the company is 6.96for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, GFL Environmental Inc. (GFL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
