GFL Environmental (NYSE:GFL) Stock Price Target Raised at Barclays

GFL Environmental (NYSE:GFL) had its price target hoisted by Barclays from $58.00 to $59.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

GFL has been the subject of several other research reports. Weiss Ratings upgraded shares of GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Scotiabank cut their price target on shares of GFL Environmental from $57.00 to $55.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Jefferies Financial Group restated a “buy” rating on shares of GFL Environmental in a report on Friday. Wolfe Research initiated coverage on shares of GFL Environmental in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.78.

GFL Environmental Trading Up 0.3%

Shares of GFL Environmental stock opened at $45.16 on Friday. The stock has a fifty day simple moving average of $42.71 and a 200 day simple moving average of $40.83. GFL Environmental has a 12-month low of $33.33 and a 12-month high of $46.76. The company has a market capitalization of $16.30 billion, a P/E ratio of 69.29, a price-to-earnings-growth ratio of 3.33 and a beta of 0.72. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. GFL Environmental had a positive return on equity of 3.84% and a negative net margin of 4.93%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, sell-side analysts anticipate that GFL Environmental will post 0.57 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were given a dividend of $0.0169 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.07 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio is presently -8.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFL. Bank of America Corp DE increased its position in GFL Environmental by 43.8% in the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock worth $77,064,000 after buying an additional 563,001 shares during the last quarter. Verbena Value LP lifted its position in shares of GFL Environmental by 44.7% during the 1st quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock valued at $50,527,000 after buying an additional 374,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of GFL Environmental by 68.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock worth $48,309,000 after acquiring an additional 471,935 shares during the period. QV Investors Inc. bought a new position in shares of GFL Environmental during the 3rd quarter worth $44,887,000. Finally, Schwartz Investment Counsel Inc. grew its stake in shares of GFL Environmental by 30.9% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 976,062 shares of the company’s stock worth $40,829,000 after acquiring an additional 230,199 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental News Summary

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

• Positive Sentiment: Raised 2026 revenue guidance: GFL issued fiscal 2026 revenue guidance of approximately $5.8 billion, above the $5.7 billion analyst consensus. The increase signals confidence in continued growth, including contributions from its SECURE acquisition. GFL Environmental Raises Earnings Guidance
• Positive Sentiment: Analysts raised price targets: Scotiabank increased its target to $56 from $55 and maintained a “sector outperform” rating, while Barclays raised its target to $59 from $58 and kept an “overweight” rating. The targets imply roughly 24% to 31% potential upside from the referenced share price.
• Positive Sentiment: Strong quarterly revenue growth: Third-quarter revenue rose sharply year over year, while operating cash flow remained positive. The results helped support the stock’s favorable near-term reaction despite mixed profitability. GFL Environmental Q3 Adjusted Earnings and Revenue
• Neutral Sentiment: Take-private activity remains a potential catalyst: GFL set November 9 as the deadline for potential take-private offers. The process could produce a premium bid, but there is no assurance that an offer will emerge or lead to a transaction. GFL Sets Deadline for Take-Private Offers
• Negative Sentiment: Profitability was mixed: GFL’s reported EPS of $0.19 was described as meeting one consensus estimate but missing another at $0.20. Operating profit declined year over year, and the company posted a net loss under adjusted financial data, highlighting execution, leverage and cash-flow risks. GFL Environmental Lags Q3 Earnings Estimates

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.