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Investing.com - BMO Capital raised its price target on GFL Environmental (NYSE:GFL) to $53.00 from $51.00 on Thursday, while maintaining a Market Perform rating on the waste management company’s stock. The stock is currently trading near its 52-week high of $52.00, having gained nearly 30% over the past year.
The price target increase follows what BMO described as "solid Q2/25 results" from GFL Environmental, noting it was the only waste management firm in its coverage to raise its 2025 EBITDA outlook despite an uncertain macroeconomic environment. The company, now valued at $18.2 billion, reported EBITDA of $1.33 billion in the last twelve months.According to InvestingPro, GFL shows several positive indicators, including expected net income growth and management’s aggressive share buyback program. Subscribers can access 10+ additional exclusive insights about GFL’s performance and outlook.
BMO Capital indicated that GFL’s volume guidance appears conservative, suggesting potential upside to current estimates.
The research firm also highlighted management’s optimism about an acceleration of merger and acquisition activity expected in the coming months, which could further support the company’s growth prospects.
Despite the positive outlook and raised price target, BMO maintained its Market Perform rating on GFL Environmental stock, stating that the current valuation already captures the optimistic outlook for the company.
In other recent news, GFL Environmental reported strong second-quarter earnings for 2025, with earnings per share (EPS) of $0.26, significantly exceeding the forecast of $0.12. The company’s revenue also surpassed expectations, reaching $1.68 billion compared to the anticipated $1.22 billion. These impressive results have contributed to a positive outlook for the company. Truist Securities has raised its price target for GFL Environmental to $60 from $58 while maintaining a Buy rating. This adjustment follows GFL’s guidance raise and favorable commentary on pricing and volume trends. Truist Securities suggests that GFL is well-positioned relative to its waste industry peers. These developments reflect strong investor confidence in GFL Environmental’s performance and future prospects.
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