GFL Environmental Holdings Inc is making headlines with its recent acquisition and index changes.
This week, GFL Environmental Holdings Inc (GFL.TO) has seen a modest uptick in its stock price, closing at C$59.07, reflecting a 3.23% increase over the past week. The company recently announced significant developments, including its acquisition of SECURE Waste Infrastructure Corp and changes to its listing on the S&P/TSX Composite Index. Let's take a closer look at the factors influencing GFL's stock performance.
Investor takeaway: GFL Environmental's recent acquisition and favorable index changes may indicate a positive outlook for the company, despite its current struggle with profitability. Investors should weigh these developments against the company's historical performance metrics.
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Gfl Environmental Holdings Inc
GFL.TO
GFL.TO
Gfl Environmental Holdings Inc
WealthAwesomeMarket cap
$21.82B
Div. yield
0.14%
Div. / share
$0.08
52W high
$67.00
52W low
$46.10
1W change
+3.23%
Beta
0.49
Analyst Price Targets
Based on analyst covering GFL
Wall Street analysts forecast GFL stock price to rise 19.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$72.50
+19.9% Upside
Current Price
C$60.45
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GFL's historical volatility
30-Day Vol
28.0%
Annualized
90-Day Vol
30.2%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$72.27
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$64.16 | C$58.25 โ C$70.66 |
| 60 trading days | C$68.09 | C$59.40 โ C$78.06 |
| 90 trading days | C$72.27 | C$61.13 โ C$85.43 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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GFL Environmental Holdings Inc: 52-week range at C$46.10 โ C$67.00
Currently, GFL's stock trades at 62% of its 52-week range, indicating potential for upward movement if investor sentiment continues to improve.
Bull case
The acquisition of SECURE Waste Infrastructure Corp is expected to enhance GFL's operational capabilities and market reach. This could lead to better financial performance in the long run. Analysts are optimistic, suggesting that there is room for growth in the stock price.
Bear case
Despite these positive developments, GFL still faces challenges with negative profit margins and returns on equity. Investors should remain cautious as the company works to stabilize its financial performance amid ongoing operational hurdles.
Recent Catalysts
This week, GFL Environmental made headlines with the announcement of its acquisition of SECURE Waste Infrastructure Corp, which is expected to strengthen its position in the waste management sector. Additionally, GFL was included in changes to the S&P/TSX Composite Index, reflecting its growing significance in the Canadian market.
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Technical Picture
GFL's stock closed at C$59.07, with a 50-day moving average of C$56.48 and a 200-day moving average of C$56.71. This indicates a positive trend as the stock is trading above both averages. The 52-week range has been between C$46.10 and C$67.00, positioning the stock at approximately 62% of its range. The beta of 0.49 suggests that the stock is less volatile than the overall market. Recent trading volume was 1,979,538 shares, significantly exceeding the 20-day average volume of 759,306 shares, indicating heightened investor interest.
Insider Activity
No recent insider trading activity has been reported for GFL Environmental Holdings Inc, which may suggest that insiders are currently holding their positions amid the company's recent developments.
Market Outlook
Analysts maintain a bullish outlook for GFL, with an average target price of C$72.50, indicating an implied upside of 22.7%. This positive sentiment is reinforced by the company's recent strategic moves, although investors should remain aware of its ongoing profitability challenges.
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