JPMorgan Chase & Co. Has Lowered Expectations for GFL Environmental (NYSE:GFL) Stock Price

Key Points

• JPMorgan cut its GFL Environmental price target to $40 from $42 and maintained an “underweight” rating, implying 6.43% downside from the prior close.
• Analyst views are mixed, but the consensus remains “Moderate Buy,” with an average price target of $57.11; ten analysts rate the stock a Buy, three a Hold, and two a Sell.
• GFL reported quarterly EPS of $0.19, matching estimates, while revenue of $2.16 billion exceeded the $1.49 billion consensus estimate.

GFL Environmental (NYSE:GFL - Get Free Report) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $42.00 to $40.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 6.43% from the company's previous close.

Other research analysts also recently issued reports about the company. Weiss Ratings raised GFL Environmental from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 26th. Citigroup lifted their price target on shares of GFL Environmental from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, November 2nd. Wolfe Research initiated coverage on shares of GFL Environmental in a research note on Tuesday, September 15th. They issued an "outperform" rating and a $77.00 price target on the stock. Barclays boosted their price target on shares of GFL Environmental from $58.00 to $59.00 and gave the stock an "overweight" rating in a report on Friday, October 30th. Finally, Truist Financial reduced their price objective on shares of GFL Environmental from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, November 3rd. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, GFL Environmental presently has a consensus rating of "Moderate Buy" and an average price target of $57.11.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded up $0.34 on Wednesday, hitting $42.75. The company's stock had a trading volume of 1,871,067 shares, compared to its average volume of 2,775,128. 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 has a 1 year low of $33.33 and a 1 year high of $46.76. The firm has a fifty day moving average price of $43.25 and a 200-day moving average price of $40.92. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of -54.06, a price-to-earnings-growth ratio of 3.44 and a beta of 0.68.

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, hitting 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 company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, sell-side analysts anticipate that GFL Environmental will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GFL Environmental

Large investors have recently bought and sold shares of the company. Westpac Banking Corp acquired a new stake in shares of GFL Environmental in the third quarter worth approximately $95,000. Independent Advisor Alliance acquired a new position in GFL Environmental in the 3rd quarter valued at $217,000. Voya Investment Management LLC raised its stake in GFL Environmental by 31.4% in the 3rd quarter. Voya Investment Management LLC now owns 35,194 shares of the company's stock valued at $1,472,000 after purchasing an additional 8,411 shares during the last quarter. Public Sector Pension Investment Board raised its stake in GFL Environmental by 28.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 21,073 shares of the company's stock valued at $904,000 after purchasing an additional 4,606 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in GFL Environmental by 9.8% in the 3rd quarter. Global Retirement Partners LLC now owns 6,881 shares of the company's stock valued at $288,000 after purchasing an additional 614 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

About GFL Environmental

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.

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