GFL Environmental (NYSE:GFL) Stock Price Breaks Below 50-Day Moving Average – What’s Next?

GFL Environmental Inc. (NYSE:GFL)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $43.25 and traded as low as $40.65. GFL Environmental shares last traded at $42.47, with a volume of 22,011,893 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GFL shares. Wolfe Research started coverage on GFL Environmental in a report on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 price objective on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. TD Cowen reissued a “buy” rating and set a $65.00 target price on shares of GFL Environmental in a research note on Friday, September 11th. Scotiabank raised their price target on GFL Environmental from $55.00 to $56.00 and gave the company a “sector outperform” rating in a report on Friday, October 30th. Finally, Truist Financial decreased their price target on GFL Environmental from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, November 3rd. 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 company’s stock. According to MarketBeat.com, GFL Environmental has an average rating of “Moderate Buy” and an average price target of $57.11.

GFL Environmental Stock Down 3.1%

The firm has a market capitalization of $18.33 billion, a PE ratio of 66.74, a price-to-earnings-growth ratio of 3.26 and a beta of 0.68. The firm’s 50-day moving average is $43.28 and its 200 day moving average is $40.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.93 and a current ratio of 0.93.

GFL Environmental (NYSE:GFL) last posted 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. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 3.84%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.49 billion. As a group, research analysts forecast that GFL Environmental Inc. will post 0.56 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed 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. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 14th. GFL Environmental’s payout ratio is currently -8.86%.

Institutional Investors Weigh In On GFL Environmental

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pictet Asset Management Holding SA increased its position in GFL Environmental by 32.7% during the third quarter. Pictet Asset Management Holding SA now owns 8,857,130 shares of the company’s stock worth $370,510,000 after buying an additional 2,184,230 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 valued at $77,064,000 after acquiring an additional 563,001 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of GFL Environmental by 68.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock valued at $48,309,000 after acquiring an additional 471,935 shares in the last quarter. QV Investors Inc. purchased a new stake in shares of GFL Environmental in the third quarter valued at $44,887,000. Finally, Schwartz Investment Counsel Inc. boosted its stake in shares of GFL Environmental by 30.9% during the third quarter. Schwartz Investment Counsel Inc. now owns 976,062 shares of the company’s stock valued at $40,829,000 after acquiring an additional 230,199 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Company Profile

GFL Environmental is a North American waste management company focused on providing solid waste collection, recycling, processing and disposal services. Its operations serve residential, commercial, industrial and municipal customers in Canada and the United States. Founded in 2007, the company expanded through acquisitions and growth in its waste management operations. GFL is headquartered in Vaughan, Ontario. In 2025, GFL completed the sale of its Environmental Services business, which included liquid waste management and soil remediation operations.