GFL Environmental Inc (NYSE: GFL)’s stock price has decreased by -3.02 compared to its previous closing price of 44.75. However, the company has seen a -4.62% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that GFL Environmental Inc. (NYSE:GFL ) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Patrick Dovigi – Founder and CEO Luke Pelosi – Chief Financial Officer Conference Call Participants Saba Khan – RBC Capital Markets Patrick Brown – Raymond James Kevin Chiang – CIBC Jerry Revich – Goldman Sachs Devin Dodge – BMO Capital Market Konark Gupta – Scotiabank Bank James Schumm – TD Cowen Stephanie Yee – JPMorgan Brian Butler – Stifel Tobey Sommer – Truist Buddy Wiseman-Barker – National Bank of Canada Operator Good morning, and thank you all for attending the GFL Third Quarter 2024 Earnings Call. My name is Breeca, and I will be your moderator for today.
Is It Worth Investing in GFL Environmental Inc (NYSE: GFL) Right Now?
Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for GFL is 241.09M, and currently, short sellers hold a 3.37% ratio of that floaft. The average trading volume of GFL on November 15, 2024 was 1.15M shares.
GFL’s Market Performance
GFL’s stock has seen a -4.62% decrease for the week, with a 6.63% rise in the past month and a 5.19% gain in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 2.46% for GFL Environmental Inc The simple moving average for the past 20 days is 2.36% for GFL’s stock, with a 15.73% simple moving average for the past 200 days.
Analysts’ Opinion of GFL
Many brokerage firms have already submitted their reports for GFL stocks, with Scotiabank repeating the rating for GFL by listing it as a “Sector Outperform.” The predicted price for GFL in the upcoming period, according to Scotiabank is $50 based on the research report published on October 04, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see GFL reach a price target of $42, previously predicting the price at $43. The rating they have provided for GFL stocks is “Market Perform” according to the report published on July 09th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to GFL, setting the target price at $46 in the report published on April 08th of the current year.
GFL Trading at 5.81% 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 -6.63% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +4.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.66% upper at present.
During the last 5 trading sessions, GFL fell by -4.62%, which changed the moving average for the period of 200-days by +27.76% in comparison to the 20-day moving average, which settled at $42.40. In addition, GFL Environmental Inc saw 25.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GFL starting from Patrick Dovigi, who proposed sale 600,000 shares at the price of $40.61 back on Sep 06 ’24. After this action, Patrick Dovigi now owns shares of GFL Environmental Inc, valued at $24,366,000 using the latest closing price.
Patrick Dovigi, the Director of GFL Environmental Inc, proposed sale 600,000 shares at $39.86 during a trade that took place back on Aug 08 ’24, which means that Patrick Dovigi is holding shares at $23,916,000 based on the most recent closing price.
Stock Fundamentals for GFL
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.18 for the gross margin
The net margin for GFL Environmental Inc stands at -0.09. The total capital return value is set at 0.02. Equity return is now at value -8.26, with -2.90 for asset returns.
Based on GFL Environmental Inc (GFL), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is 1.8 billion with net debt to EBITDA at 5.31. When we switch over and look at the enterprise to sales, we see a ratio of 4.45. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
In a nutshell, GFL Environmental Inc (GFL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
