GFL Environmental (NYSE:GFL) Stock Gets Price Target Increase from Scotiabank

GFL Environmental (NYSE:GFL) had its price target lifted by analysts at Scotiabank from $55.00 to $56.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank‘s price objective indicates a potential upside of 24.00% from the company’s previous close.

Several other research analysts have also commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of GFL Environmental in a research report on Friday. Barclays increased their price target on shares of GFL Environmental from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup set a $51.00 price objective on shares of GFL Environmental and gave the stock a “buy” rating in a research note on Wednesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of GFL Environmental from $41.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 21st. Finally, TD Cowen reissued a “buy” rating and issued a $65.00 target price on shares of GFL Environmental in a research report on Friday, September 11th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and a consensus target price of $57.78.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded up $0.12 on Friday, hitting $45.16. 4,287,072 shares of the company traded hands, compared to its average volume of 2,651,928. The stock has a market capitalization of $16.30 billion, a P/E ratio of -57.16, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. The business has a 50-day simple moving average of $42.63 and a 200 day simple moving average of $40.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.75 and a current ratio of 0.75. GFL Environmental has a 52 week low of $33.33 and a 52 week high of $46.76.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 4.39%. Research analysts expect that GFL Environmental will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GFL Environmental

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in GFL Environmental during the third quarter worth about $210,000. Greenleaf Trust grew its holdings in shares of GFL Environmental by 2.2% during the third quarter. Greenleaf Trust now owns 12,964 shares of the company’s stock worth $542,000 after buying an additional 274 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of GFL Environmental by 158.7% during the third quarter. Vise Technologies Inc. now owns 19,401 shares of the company’s stock worth $812,000 after buying an additional 11,901 shares in the last quarter. Aprio Wealth Management LLC acquired a new position in shares of GFL Environmental in the third quarter valued at approximately $463,000. Finally, WPG Advisers LLC lifted its stake in shares of GFL Environmental by 45.4% during the third quarter. WPG Advisers LLC now owns 1,530 shares of the company’s stock valued at $64,000 after buying an additional 478 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Key GFL Environmental News

Here are the key news stories impacting GFL Environmental this week:

• Positive Sentiment: Barclays raised its price target to $59 from $58 and maintained an “overweight” rating, implying roughly 30% upside from the referenced share price. The upgrade reinforces the bullish view that GFL’s growth initiatives and improving cash flow are not fully reflected in the stock. Barclays analyst rating
• Positive Sentiment: GFL raised its 2026 revenue guidance to $5.8 billion, above the approximately $5.7 billion consensus estimate. Management also expects low-to-mid-20% growth in revenue and adjusted EBITDA, alongside more than 30% growth in adjusted free cash flow.
• Positive Sentiment: Third-quarter revenue increased 24.4% year over year to approximately $1.5 billion, while adjusted EBITDA rose 26.8% to $678.7 million. Organic revenue growth accelerated to 7.4%, and the company said results and adjusted free cash flow exceeded expectations. GFL third-quarter results
• Neutral Sentiment: GFL has set November 9 as the deadline for take-private proposals. The process could create a potential valuation catalyst, but the outcome and terms remain uncertain. GFL take-private offers
• Negative Sentiment: Despite strong adjusted results, GFL reported a net loss, weaker operating profit year over year and total liabilities of roughly $12 billion. Reported EPS also either met or slightly missed estimates depending on the data source, which could temper enthusiasm.

About GFL Environmental

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.