GFL Environmental Inc. (NYSE:GFL) does about 1.24M shares in volume on a normal day but saw 3170017 shares change hands in Tuesday trading. The company now has a market cap of 5.54B USD. Its current market price is $17.63, marking a decrease of -3.40% compared to the previous close of $18.25. The 52 week high reached by this stock is $23.27 whilst the lowest price level in 52 weeks is $11.92. The script in recent trading has seen the stock touch a high of $18.34 and a low of $17.47.
GFL Environmental Inc. (GFL) has a 20-day trading average at $19.89 and the current price is -24.24% off the 52-week high compared with 47.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $19.79. If we look at the stock’s price movements over the week, volatility stands at 4.79%, which increases to 5.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.06 to suggest the stock is neutral.
12 analysts observing the GFL Environmental Inc. (GFL) stock have set the 12-month price targets for the company’s shares at between $21.21 and $30.34. The median price target is 29.48% away from the current levels at $25.00.
FactSet Research has provided data showing that 12 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 9 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 19, 2020 when Goldman upgraded the stock to “Buy” and issued a price target of between $21 and $24. CIBC also upgraded the stock to “Sector Outperform” from Neutral on July 15, 2020 at a price target of .
The current price level is -12.43%, -10.92%, and -1.31% away from its SMA20, SMA50, and SMA200 respectively, with the GFL price moving above the 50-day SMA on September 01. GFL Environmental Inc. (GFL) stock is down -5.72% over the week and -19.05% over the past month. Its price is 4.94% year-to-date.
Its 12-month price target is $25.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $21.21, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $30.34.
Outstanding shares total 314.31M with insiders holding 0.08% of the shares and institutional holders owning 7.32% of the company’s common stock. Price to book ratio is 21.58.
According to a U.S. Securities and Exchange Commission filing, Hartford Mid Cap Fund has added its position in GFL Environmental Inc. (GFL) to 5,696,036 shares, mirroring a recent increase by 7.55%. Hartford Mid Cap Fund added 0.4 million shares of GFL Environmental Inc. common stock bringing its total worth to about $123.03 million at the end of recent close, SEC documents show. Fidelity Inv Trust – Series Cana raise their holdings by 4.10% in the company over the course of the most recent quarter. It now holds a 0.79% position in GFL Environmental Inc. thanks to 2.47 million shares amounting to $53.39 million.