GFL Environmental ( (TSE:GFL) ) has shared an announcement.
GFL Environmental Inc. has announced the resumption of its normal course issuer bid (NCIB) following approval from the Toronto Stock Exchange. The company plans to repurchase up to 28,046,256 subordinate voting shares over the next year, excluding shares previously repurchased from BC Partners and those acquired in a secondary offering. This move is part of GFL’s strategy to manage its capital structure and potentially enhance shareholder value, with purchases subject to market conditions and executed through various trading platforms.
Spark’s Take on TSE:GFL Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFL is a Neutral.
GFL Environmental’s overall score is driven by strong revenue growth and strategic initiatives, such as share buybacks and debt reduction, which are positive for long-term stability. However, challenges with profitability and high leverage, along with technical indicators suggesting short-term pressure, weigh on the score.
To see Spark’s full report on TSE:GFL stock, click here.
More about GFL Environmental
GFL Environmental Inc., headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America. It provides a comprehensive line of solid waste management services across Canada and 18 U.S. states, employing a workforce of more than 15,000 people.
YTD Price Performance: 8.00%
Average Trading Volume: 2,111,778
Technical Sentiment Signal: Sell
Current Market Cap: $18.59B
Find detailed analytics on GFL stock on TipRanks’ Stock Analysis page.