GFL Environmental (NYSE:GFL) Cut to Underweight at JPMorgan Chase & Co.

GFL Environmental (NYSE:GFL) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Tuesday,Finviz reports. They currently have a $42.00 price objective on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 8.00% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Scotiabank dropped their price target on shares of GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their target price on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Wolfe Research assumed coverage on shares of GFL Environmental in a research report on Friday, March 13th. They issued an “outperform” rating for the company. Barclays boosted their target price on shares of GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Citigroup dropped their target price on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

GFL Environmental Stock Performance

GFL Environmental stock opened at $38.89 on Tuesday. GFL Environmental has a 12-month low of $38.38 and a 12-month high of $52.00. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 3.32 and a beta of 0.84. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $42.85 and its 200 day moving average price is $43.80.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. GFL Environmental had a net margin of 56.61% and a return on equity of 3.66%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm posted ($0.58) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that GFL Environmental will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On GFL Environmental

A number of institutional investors have recently modified their holdings of GFL. Aster Capital Management DIFC Ltd bought a new stake in shares of GFL Environmental during the 4th quarter valued at about $25,000. Sunbelt Securities Inc. bought a new stake in shares of GFL Environmental during the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its position in shares of GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 219 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after buying an additional 304 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of GFL Environmental during the 4th quarter valued at about $72,000. Institutional investors own 64.70% of the company’s stock.

Key Headlines Impacting GFL Environmental

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

• Positive Sentiment: Company statement calls the deal immediately accretive with improved margins, higher adjusted free cash flow conversion, and says net leverage is neutral on a pro forma basis. GFL Environmental and SECURE Waste Infrastructure announce acquisition
• Positive Sentiment: At least one outlet reports a raised price target on GFL following the announcement, signaling some analyst support for the strategic rationale. GFL Environmental (NYSE:GFL) Price Target Raised to $49.00
• Neutral Sentiment: Deal confirms geographic expansion into Western Canada and deeper exposure to industrial and energy-linked waste services; multiple outlets covered the terms and enterprise value in the morning. GFL Environmental to Buy Secure Waste Infrastructure
• Neutral Sentiment: Market and media reports (Bloomberg/Reuters) foreshadowed the deal, so part of the move reflects confirmation and detail disclosure rather than a complete surprise. GFL nears deal to buy Secure Waste for over $4.3 billion
• Negative Sentiment: Market reaction centered on the financing mix — the deal is ~80% paid in GFL shares and ~20% cash — raising dilution concerns and pressuring the stock despite management’s accretion claims. GFL slides as investors digest large, mostly stock-funded acquisition plan
• Negative Sentiment: Investors may also be discounting integration execution risk and the company’s near-term financial flexibility after another sizeable deal; markets often punish roll-up stories until accretion, synergy delivery and deleveraging are proven. GFL Environmental to Buy Secure Waste in C$6.4 Billion Deal

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.