Stock of the Day

July 13, 2022

GFL Environmental (GFL)

$43.63
+$0.66 (+1.5%)
Market Cap: $15.51B

About GFL Environmental

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.

Today's Trend

GFL Environmental Inc. (NYSE: GFL) shares have been under pressure as investors weigh uncertainty around a potential take-private transaction, despite increasingly bullish analyst expectations and a new long-term commitment from management.

  • Wolfe Research initiated coverage with an “Outperform” rating and a $77 price target, implying substantial upside from recent trading levels. The bullish view may support the stock by highlighting potential value in GFL’s waste-management operations.
  • Scotiabank raised its FY2026 EPS forecast to $0.61 from $0.50 and its FY2027 estimate to $1.09 from $0.75. The bank maintained a “Sector Outperform” rating and $57 price target, signaling improved expectations for future profitability. Scotiabank raises GFL earnings estimates
  • GFL’s CEO signaled a long-term commitment to the company as investors reassess its strategic direction. That message may reduce concerns that management is preparing for an imminent transaction or near-term exit. GFL CEO signals long-term commitment
  • GFL has formed a special committee to consider a possible take-private transaction. A deal could potentially unlock shareholder value, but the committee’s review does not guarantee that an offer or transaction will occur. GFL forms special committee
  • The CEO stated that there is no decision to take GFL private, tempering expectations of a near-term acquisition premium and likely contributing to investor caution. No decision on going private
  • GFL is seeking an extension for a previously approved tank farm and sludge pit project, creating additional uncertainty around project timing and execution. GFL seeks project extension

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