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GFL Environmental Stock Jumps As Secure Waste Deal Cleared

ELLIS HOBBS•UPDATED AUG. 29, 2026, 11:05 AM ET
Reviewed by Matt Monacoand Fact-checked by Bryce Tuohey

GFL Environmental Inc. Subordinate no par value stocks have been trading up by 6.02 percent after upbeat earnings-driven sentiment

What Traders Need To Know

  • Scotiabank raised its price target on GFL Environmental from $52 to $56 and kept an Outperform call, pointing to attractive value, better growth drivers, and active takeover talks.
  • Shares moved about 4% higher after Canada’s Competition Bureau cleared the Secure Waste Infrastructure acquisition, which is expected to close on 2026/09/01.
  • CIBC lifted its GFL Environmental target to C$76 from C$75 and reiterated an Outperformer rating, reinforcing the bullish Street stance despite only a modest bump.

Candlestick Chart

Weekly Update Aug 24 – Aug 28, 2026: On Saturday, August 29, 2026 GFL Environmental Inc. Subordinate no par value stock [NYSE: GFL] is trending up by 6.02%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Industrials industry expert:

Analyst sentiment – positive

GFL Environmental holds a solid competitive position as a scaled North American waste services consolidator with C$6.6B revenue but remains margin- and balance-sheet constrained. EBITDA margin at 18.3% is respectable versus peers, yet EBIT and net margins are negative and pretax margin is -7.6%, reflecting heavy D&A and integration costs. Leverage is elevated (total debt/equity 1.38, long-term debt ~C$9.6B), liquidity tight (current ratio 0.8), and free cash flow modest at C$130M against a rich ~41x FCF multiple, leaving limited room for capital missteps.

Technically, the dominant intermediate trend is up: this week’s range moved from ~C$40.7 to a C$43.5 close, printing a strong upside breakout after several tight closes around C$41. On 5‑minute candles, buyers consistently supported pullbacks near C$42 with higher lows, and volume expanded into the C$43–43.5 zone, confirming demand. One actionable level: C$42.00 is now key support; a pullback toward C$42 with contained volume offers a defined-risk long entry, invalidated on sustained trade below C$40.75.

Fundamentally and relative to Industrials and waste peers, GFL is a higher-leverage, higher-growth consolidator with below-average current profitability but strong ROIC on recent deals and clear external validation. The Secure Waste Infrastructure acquisition, now cleared and closing, plus multiple target upgrades (Scotiabank US$52→56, CIBC C$76) support a rerating as synergies materialize. I view the stock as a buy with near-term resistance at C$46, support at C$42, and a 12‑month fair value target of C$50.

More Breaking News

Quick Financial Overview

GFL Environmental Inc. Subordinate no par value has seen a clear pickup in momentum around the Secure Waste Infrastructure approval. On the weekly tape, price pushed from the low $40s to a close near $43.50 into 2026/08/28, with the key move coming on the day of the clearance. That $42.80–$43.50 zone now stands out as a short-term reference area, since the intraday 5‑minute bar shows a sharp drive off $40.65 to a $43.10 high before settling just under the top.

Under the hood, GFL is still a growth-through-scale story. Trailing revenue sits around $6.62B, with gross margin near 20% and EBITDA margin in the high teens, but GAAP lines remain negative, with profit margin roughly -3%. The latest quarter showed about $1.95B in revenue and a net loss near $160M, yet operating cash flow of about $417M and free cash flow around $130M show the business throwing off real cash despite reported losses.

Leverage is meaningful but not extreme for this type of asset-heavy operator. Total debt to equity is about 1.38, with interest coverage close to 10 times and a current ratio under 1, which tells traders the balance sheet is efficient but not cushioned. Valuation looks rich on cash flow multiples, with price to sales near 3.0 and price to free cash flow around 41, so the market is already paying up for execution and acquisition synergies, including the Secure Waste Infrastructure deal.

Conclusion

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”