GFL Environmental (GFL) Stock Price, News & Analysis

Company Overview

GFL Environmental Inc. offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers. The company was incorporated in 2007 and is headquartered in Vaughan, Canada.

Key Stats

• Today's Range: $39.48 to $39.87
• 50-Day Range: $37.65 to $43.48
• 52-Week Range: $26.87 to $43.79
• Volume: 657,351 shs
• Average Volume: 1.24 million shs
• Market Capitalization: $14.89 billion
• P/E Ratio: 38.41
• Dividend Yield: 0.13%
• Price Target: $42.64
• Consensus Rating: Moderate Buy

GFL Environmental Stock Analysis - MarketRank™

GFL Environmental scored higher than 50% of companies evaluated by MarketBeat, and ranked 207th out of 344 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

GFL Environmental has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

GFL Environmental has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 72.58%

Earnings Growth

Earnings for GFL Environmental are expected to grow by 72.58% in the coming year, from $0.62 to $1.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of GFL Environmental is 38.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.52.

Price to Earnings Ratio vs. Sector

The P/E ratio of GFL Environmental is 38.47, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 42.66.

Price to Book Value per Share Ratio

GFL Environmental has a P/B Ratio of 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.66% of the float of GFL Environmental has been sold short.

Short Interest Ratio / Days to Cover

GFL Environmental has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in GFL Environmental has recently increased by 2.71%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

GFL Environmental has a dividend yield of 0.14%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

GFL Environmental does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of GFL Environmental is 4.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, GFL Environmental will have a dividend payout ratio of 4.67% next year. This indicates that GFL Environmental will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.66% of the float of GFL Environmental has been sold short.

Short Interest Ratio / Days to Cover

GFL Environmental has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in GFL Environmental has recently increased by 2.71%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.60

News Sentiment

GFL Environmental has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for GFL Environmental this week, compared to 4 articles on an average week.

Search Interest

Only 2 people have searched for GFL on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added GFL Environmental to their MarketBeat watchlist in the last 30 days. This is a decrease of -88% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, GFL Environmental insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.71% of the stock of GFL Environmental is held by insiders.

Percentage Held by Institutions

64.70% of the stock of GFL Environmental is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GFL Stock Analysis - Frequently Asked Questions

How have GFL shares performed this year?

GFL Environmental's stock was trading at $34.51 on January 1st, 2024. Since then, GFL stock has increased by 14.8% and is now trading at $39.62.
View the best growth stocks for 2024 here.

How were GFL Environmental's earnings last quarter?

GFL Environmental Inc. (NYSE:GFL) posted its earnings results on Wednesday, July, 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm earned $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. GFL Environmental had a negative net margin of 8.78% and a positive trailing twelve-month return on equity of 3.32%.

When did GFL Environmental IPO?

GFL Environmental (GFL) raised $1.4 billion in an initial public offering (IPO) on Tuesday, March 3rd 2020. The company issued 75,000,000 shares at a price of $19.00 per share. JPMorgan, BMO Capital Markets, Goldman Sachs, RBC Capital Markets and Scotiabank served as the underwriters for the IPO and Barclays, BC Partners, Raymond James, Stife, TD Securities, BofA Securities, CIBC Capital Markets, HSBC and National Bank Financial were co-managers.

Who are GFL Environmental's major shareholders?

Top institutional shareholders of GFL Environmental include Massachusetts Financial Services Co. MA (3.07%), Fred Alger Management LLC (1.65%), Millennium Management LLC (1.50%) and Maverick Capital Ltd. (0.87%).

How do I buy shares of GFL Environmental?

Shares of GFL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of GFL Environmental own?

Based on aggregate information from My MarketBeat watchlists, some other companies that GFL Environmental investors own include Advanced Micro Devices (AMD), Trevena (TRVN), Moderna (MRNA), Sorrento Therapeutics (SRNE), Target (TGT) and ChromaDex (CDXC).

Company Calendar

• Ex-Dividend for 7/31 Dividend: 7/15/2024
• Last Earnings: 7/31/2024
• Dividend Payable: 7/31/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Refuse systems
• Sub-Industry: Business Services
• Current Symbol: NYSE:GFL
• CUSIP: N/A
• CIK: 1780232
• Web: www.gflenv.com
• Phone: 905-326-0101
• Fax: N/A
• Employees: 20,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $42.64
• High Stock Price Target: $51.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: +7.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.03
• Trailing P/E Ratio: 38.47
• Forward P/E Ratio: 63.90
• P/E Growth: N/A
• Net Income: $33.63 million
• Net Margins: -8.78%
• Pretax Margin: -10.99%
• Return on Equity: 3.32%
• Return on Assets: 1.21%

Debt

• Debt-to-Equity Ratio: 1.45
• Current Ratio: 0.89
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $7.63 billion
• Price / Sales: 1.95
• Cash Flow: $3.59 per share
• Price / Cash Flow: 11.05
• Book Value: $14.74 per share
• Price / Book: 2.69

Miscellaneous

• Outstanding Shares: 376,471,000
• Free Float: 343,680,000
• Market Cap: $14.92 billion
• Optionable: Not Optionable
• Beta: 1.16