15:08:58 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



GFL Environmental Inc
Symbol GFL
Shares Issued 357,340,187
Close 2023-05-03 C$ 49.96
Market Cap C$ 17,852,715,743
Recent Sedar Documents

Globe says GFL Environmental maintained at "buy"

2023-05-03 08:03 ET - In the News

The Globe and Mail reports in its Wednesday, May 3, edition that TD Securities analyst Tim James continues to rate GFL Environmental "buy." The Globe's David Leeder writes that Mr. James increased his share target to $58 from $52. Analysts on average target the shares at $48.68. Mr. James says in a note: "GFL's better-than-expected results reflect stronger-than-forecast core pricing in solid waste, a continuation of extremely high growth in the environmental services segment, a greater-than-expected contribution from recent M&A, overall execution on cost-saving initiatives, and the prudent conservatism management has been taking in setting investor expectations. We believe that $1.6-billion in pending asset sales, FCF progress, and management commentary suggest that 2023 will be the most significant year of deleveraging since the IPO, and will reward investors who have accepted the higher leverage over the past two years to allow for the execution of accretive and long-term value-producing M&A. We believe that GFL has the resources to execute accretive tuck-in acquisitions, while moving leverage lower at a rate that is sufficient to narrow the valuation gap with other comparable waste-management companies."

© 2024 Canjex Publishing Ltd. All rights reserved.