GFL Environmental (NYSE:GFL) Price Target Cut to $40.00 by Analysts at JPMorgan Chase & Co.

GFL Environmental (NYSE:GFL) had its price objective reduced by JPMorgan Chase & Co. from $42.00 to $40.00 in a report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of GFL Environmental in a research note on Friday, October 30th. Barclays boosted their target price on GFL Environmental from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Scotiabank increased their price target on GFL Environmental from $55.00 to $56.00 and gave the company a “sector outperform” rating in a report on Friday, October 30th. BMO Capital Markets restated a “market perform” rating on shares of GFL Environmental in a research report on Thursday, October 15th. Finally, Citigroup raised their price target on GFL Environmental from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.11.

GFL Environmental Stock Performance

GFL Environmental stock opened at $43.31 on Wednesday. The company’s 50-day moving average price is $43.29 and its 200-day moving average price is $40.91. GFL Environmental has a twelve month low of $33.33 and a twelve month high of $46.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.03. The company has a market cap of $18.88 billion, a PE ratio of -54.82, a price-to-earnings-growth ratio of 3.18 and a beta of 0.68.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 3.84%. On average, equities research analysts forecast that GFL Environmental will post 0.56 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were paid a $0.0169 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is presently -8.86%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA lifted its stake in shares of GFL Environmental by 32.7% during the 3rd quarter. Pictet Asset Management Holding SA now owns 8,857,130 shares of the company’s stock worth $370,510,000 after acquiring an additional 2,184,230 shares during the last quarter. Bank of America Corp DE lifted its position in shares of GFL Environmental by 43.8% during the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock worth $77,064,000 after purchasing an additional 563,001 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of GFL Environmental by 68.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock valued at $48,309,000 after purchasing an additional 471,935 shares during the period. QV Investors Inc. purchased a new stake in shares of GFL Environmental during the third quarter valued at $44,887,000. Finally, Schwartz Investment Counsel Inc. boosted its stake in shares of GFL Environmental by 30.9% during the third quarter. Schwartz Investment Counsel Inc. now owns 976,062 shares of the company’s stock valued at $40,829,000 after purchasing an additional 230,199 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Key Stories Impacting GFL Environmental

These are some of the GFL stories that stood out recently:

• Neutral Sentiment: The board unanimously reaffirmed its strategy to remain public after reviewing take-private proposals. GFL strategic review announcement
• Negative Sentiment: GFL rejected a reported $52-per-share offer from a private-equity consortium and ended the review. Investors may be disappointed that the potential premium will not be realized; coverage also reported a sharp share-price reaction to the decision. Globe and Mail report
• Negative Sentiment: JPMorgan lowered its price target to $40 from $42 and assigned an “underweight” rating, indicating a less favorable outlook for the shares. JPMorgan rating information

GFL Environmental Company Profile

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.