GFL Environmental (NYSE:GFL) Stock Price Expected to Rise, Scotiabank Analyst Says

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

GFL has been the topic of several other reports. TD Cowen reiterated a “buy” rating and set a $65.00 price target on shares of GFL Environmental in a research report on Friday, September 11th. JPMorgan Chase & Co. boosted their price objective on GFL Environmental from $41.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 21st. BMO Capital Markets restated a “market perform” rating on shares of GFL Environmental in a report on Thursday, October 15th. Barclays increased their price objective on GFL Environmental from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Citigroup set a $51.00 target price on GFL Environmental and gave the company a “buy” rating in a report on Wednesday, October 14th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.78.

GFL Environmental Stock Up 0.3%

GFL stock traded up $0.12 during midday trading on Friday, hitting $45.16. 4,287,072 shares of the company’s stock were exchanged, compared to its average volume of 2,651,928. The firm has a 50 day moving average price of $42.63 and a 200-day moving average price of $40.82. GFL Environmental has a 12-month low of $33.33 and a 12-month high of $46.76. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of -57.16, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.34.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a positive return on equity of 4.39% and a negative net margin of 4.93%. On average, analysts anticipate that GFL Environmental will post 0.57 EPS for the current year.

Institutional Trading of GFL Environmental

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of GFL Environmental by 43.8% in the 1st 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 in the last quarter. Verbena Value LP grew its holdings in shares of GFL Environmental by 44.7% in the 1st quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock worth $50,527,000 after purchasing an additional 374,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in 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 valued at $48,309,000 after purchasing an additional 471,935 shares during the last quarter. QV Investors Inc. acquired a new stake in shares of GFL Environmental during the third quarter worth approximately $44,887,000. Finally, Schwartz Investment Counsel Inc. increased its holdings in GFL Environmental by 30.9% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 976,062 shares of the company’s stock valued at $40,829,000 after purchasing an additional 230,199 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

More 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.