GFL Environmental (GFL) Received its Third Buy in a Row

After RBC Capital and Raymond James gave GFL Environmental (NYSE: GFL) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Devin Dodge maintained a Buy rating on GFL Environmental today and set a price target of $46.00. The company’s shares closed last Friday at $31.89.

Dodge has an average return of 46.7% when recommending GFL Environmental.

According to, Dodge is ranked #1286 out of 7790 analysts.

GFL Environmental has an analyst consensus of Strong Buy, with a price target consensus of $43.99, implying a 35.6% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a $41.00 price target.

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Based on GFL Environmental’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.49 billion and GAAP net loss of $245 million. In comparison, last year the company earned revenue of $1.04 billion and had a GAAP net loss of $115 million.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GFL in relation to earlier this year.

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GFL Environmental Holdings Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste. Its infrastructure and soil remediation business line provide remediation of contaminated soils as well as complementary services, including civil, demolition, excavation and shoring services.

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