Gfl Environmental Holdings Inc has seen a positive uptick in its stock price this week, driven by recent acquisitions and index changes.
Gfl Environmental Holdings Inc (GFL.TO) has experienced a notable increase in its stock price this week, with a 1D gain of 2.10% and a weekly rise of 2.72%. The company recently made headlines with its acquisition of SECURE Waste Infrastructure Corp and changes to the S&P/TSX Composite Index, which have contributed to investor interest in GFL's stock.
Investor takeaway: Investors should consider GFL's recent acquisition and its implications for future growth as well as the company's current technical indicators when evaluating their investment strategy.
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Gfl Environmental Holdings Inc
GFL.TO
GFL.TO
Gfl Environmental Holdings Inc
WealthAwesomeMarket cap
$20.82B
Div. yield
0.14%
Div. / share
$0.08
52W high
$67.95
52W low
$46.10
1W change
+2.72%
Beta
0.49
Analyst Price Targets
Based on analyst covering GFL
Wall Street analysts forecast GFL stock price to rise 20.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$71.18
+20.8% Upside
Current Price
C$58.91
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
28.2%
Annualized
90-Day Vol
30.2%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$70.43
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$62.52 | C$56.74 โ C$68.90 |
| 60 trading days | C$66.36 | C$57.84 โ C$76.13 |
| 90 trading days | C$70.43 | C$59.52 โ C$83.33 |
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's stock closed at C$58.93, marking a 2.10% increase today.
With a market capitalization of approximately C$20.8 billion, GFL's stock is trading within 59% of its 52-week range, indicating room for growth but also potential volatility.
Bull case
The acquisition of SECURE Waste Infrastructure Corp positions GFL to expand its operations and potentially improve profitability. This could lead to higher stock valuations in the future, making GFL an attractive option for investors looking for growth.
Bear case
Despite these positive developments, GFL's negative profit margin and return on equity may raise concerns about its financial health and long-term sustainability. Investors should weigh these factors carefully when considering their investment in GFL.
Recent Price Action
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Gfl Environmental Holdings Inc (GFL.TO) closed at C$58.93, reflecting a 2.10% increase in price today and a 2.72% rise over the past week. Despite a modest year-to-date increase of 0.03%, the stock has shown resilience in the face of market fluctuations.
Company News and Catalysts
This week, GFL made headlines with its acquisition of SECURE Waste Infrastructure Corp, a move expected to enhance its operational capabilities. Additionally, GFL's inclusion in recent changes to the S&P/TSX Composite Index has attracted further attention from investors, signaling a bullish outlook.
Technical Picture
From a technical perspective, GFL is currently trading above its 50-day moving average of C$55.94, indicating a bullish momentum of 5.3%. The 200-day moving average stands at C$56.75, suggesting that the stock has a positive trend over a longer period. The current price is within 59% of its 52-week range of C$46.10 to C$67.95, demonstrating both potential for growth and inherent volatility. The stock has a beta of 0.49, indicating lower volatility compared to the broader market. Trading volume has been robust, with the latest volume at 166,378 shares, which is 1.57 times the 20-day average volume of 618,986 shares.
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