Scotiabank Issues Pessimistic Forecast for GFL Environmental (NYSE:GFL) Stock Price

GFL Environmental (NYSE:GFL) had its price target dropped by equities research analysts at Scotiabank from $58.00 to $57.00 in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 27.57% from the company’s current price.

GFL has been the subject of a number of other research reports. UBS Group increased their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group started coverage on shares of GFL Environmental in a research report on Monday, November 24th. They set a “neutral” rating and a $50.00 price objective for the company. William Blair began coverage on shares of GFL Environmental in a research note on Thursday, September 25th. They set an “outperform” rating for the company. Stifel Nicolaus assumed coverage on shares of GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating on the stock. Finally, Citigroup cut their price target on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.56.

GFL Environmental Stock Performance

NYSE GFL opened at $44.68 on Wednesday. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 7.00 and a beta of 0.88. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98. GFL Environmental has a twelve month low of $40.83 and a twelve month high of $52.00. The stock has a fifty day simple moving average of $43.86 and a 200 day simple moving average of $46.07.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts expect that GFL Environmental will post 0.58 EPS for the current year.

Hedge Funds Weigh In On GFL Environmental

Several institutional investors have recently made changes to their positions in GFL. Massachusetts Financial Services Co. MA boosted its position in shares of GFL Environmental by 9.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,201,976 shares of the company’s stock worth $481,125,000 after purchasing an additional 977,344 shares in the last quarter. Vanguard Group Inc. boosted its holdings in GFL Environmental by 1.5% in the third quarter. Vanguard Group Inc. now owns 11,059,655 shares of the company’s stock worth $524,170,000 after acquiring an additional 166,175 shares in the last quarter. Nordea Investment Management AB boosted its holdings in GFL Environmental by 40.8% in the fourth quarter. Nordea Investment Management AB now owns 6,673,954 shares of the company’s stock worth $290,083,000 after acquiring an additional 1,932,442 shares in the last quarter. American Century Companies Inc. grew its stake in GFL Environmental by 25.5% in the third quarter. American Century Companies Inc. now owns 6,023,139 shares of the company’s stock valued at $285,377,000 after acquiring an additional 1,225,108 shares during the period. Finally, CIBC Asset Management Inc grew its stake in GFL Environmental by 1.0% in the third quarter. CIBC Asset Management Inc now owns 4,054,084 shares of the company’s stock valued at $191,994,000 after acquiring an additional 38,966 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental News Roundup

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

• Positive Sentiment: Relocating the executive headquarters to Miami Beach is intended to make GFL eligible for inclusion in major U.S. stock indexes — index inclusion would likely attract passive fund flows and more U.S. institutional investors, supporting demand for the stock. PR Newswire: GFL Announces Relocation
• Positive Sentiment: Analysts remain constructive: Scotiabank trimmed its price target slightly from $58 to $57 but kept a “sector outperform” rating, implying material upside from current levels — a signal that the analyst community still sees growth potential. The Fly: Price Target Lowered
• Neutral Sentiment: The company will remain incorporated in Ontario and will retain its TSX listing and eligibility for Canadian indices, reducing the chance of immediate disruption to Canadian index investors. This clarifies that the move is strategic for investor base expansion rather than a full re-domicile. Globe and Mail: Head Office Move
• Neutral Sentiment: Management says the move will have limited operational impact in Canada; reports indicate roughly a dozen jobs affected, signaling limited near-term cost or operational disruption. CityNews: Jobs Affected
• Negative Sentiment: The relocation has prompted media and public scrutiny in Canada and could create political or reputational headwinds; investors should watch for any regulatory, tax or stakeholder response that could pressure sentiment. CBC: Coverage of Move

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.