GFL Environmental (NYSE:GFL) Given New $59.00 Price Target at Barclays

Key Points

• Barclays raised its price target for GFL Environmental from $58 to $59 while maintaining an “overweight” rating, implying approximately 31.8% upside from the stock’s $44.76 price.
• Analyst sentiment is broadly favorable: 10 analysts rate GFL a Buy, three rate it Hold and two rate it Sell, resulting in a “Moderate Buy” consensus rating and a $57.67 average price target.
• GFL’s latest quarter met adjusted EPS expectations at $0.19 and generated $2.16 billion in revenue, though the company remains unprofitable on a net basis, with a negative 4.93% net margin and substantial leverage.

GFL Environmental (NYSE:GFL - Get Free Report) had its price target boosted by equities research analysts at Barclays from $58.00 to $59.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 31.82% from the company's current price.

A number of other equities analysts have also issued reports on GFL. BMO Capital Markets restated a "market perform" rating on shares of GFL Environmental in a research note on Thursday, October 15th. 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. Jefferies Financial Group reiterated a "buy" rating on shares of GFL Environmental in a report on Friday. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of GFL Environmental in a report on Monday, August 31st. Finally, TD Cowen reissued a "buy" rating and set a $65.00 target price on shares of GFL Environmental in a report on Friday, September 11th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, GFL Environmental presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.67.

GFL Environmental Stock Performance

GFL stock traded down $0.28 during trading on Friday, reaching $44.76. The company had a trading volume of 289,278 shares, compared to its average volume of 2,636,694. The firm has a 50-day simple moving average of $42.63 and a 200-day simple moving average of $40.82. The company has a market cap of $16.15 billion, a price-to-earnings ratio of -56.67, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. 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 twelve month low of $33.33 and a twelve month high of $46.76.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 4.39%. As a group, sell-side analysts expect that GFL Environmental will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted 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 valued at $77,064,000 after buying an additional 563,001 shares during the last quarter. Verbena Value LP increased its position in shares of GFL Environmental by 44.7% during the first quarter. Verbena Value LP now owns 1,211,100 shares of the company's stock valued at $50,527,000 after acquiring an additional 374,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of GFL Environmental by 68.7% in 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 acquiring an additional 471,935 shares during the period. QV Investors Inc. purchased a new stake in shares of GFL Environmental in the 3rd quarter valued at approximately $44,887,000. Finally, Schwartz Investment Counsel Inc. lifted its holdings in shares of GFL Environmental by 30.9% in 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 last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

Key GFL Environmental News

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

• Positive Sentiment: GFL raised its FY 2026 revenue guidance to $5.8 billion, above the roughly $5.7 billion consensus estimate. This is the company’s third guidance increase this year and supports the bullish case for continued growth.
• Positive Sentiment: Third-quarter results showed strong operating momentum: revenue rose 24.4% year over year to approximately $1.5 billion, adjusted EBITDA increased 26.8% to $678.7 million, organic revenue growth accelerated to 7.4%, and adjusted free cash flow is expected to grow more than 30% for the full year. GFL Environmental Reports Third Quarter 2026 Results and Raises Full Year 2026 Guidance
• Positive Sentiment: GFL reportedly set November 9 as a deadline for take-private proposals. The prospect of an acquisition could provide a potential valuation catalyst, particularly as some analysts argue the company’s landfill network is undervalued relative to peers.
• Positive Sentiment: Unusually active options trading, including a 156% increase in call-option volume, indicates heightened speculative interest following the earnings release.
• Neutral Sentiment: GFL plans to appoint Joseph Lenz Will to its board. The change may add relevant governance or industry experience, but the immediate financial impact is unclear. Board appointment announcement
• Negative Sentiment: Profitability remains a concern. GFL posted a net loss from continuing operations of $28 million, while operating profit declined year over year in third-party data. The company also carries substantial liabilities, increasing sensitivity to execution, integration and interest-rate risks.
• Negative Sentiment: Although adjusted EPS of $0.19 met one consensus estimate, another estimate placed the quarter at $0.20, meaning the result was viewed as a slight earnings miss by some analysts. This mixed profit picture may be limiting the stock’s reaction to the upbeat guidance.

GFL Environmental Company Profile

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.

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