Passage Bio (NYSE:GFL) Receives Consensus Recommendation of “Buy” from Analysts

Passage Bio (NYSE:GFL) has received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the company, reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $23.75.

A number of brokerages have issued reports on GFL. Zacks Investment Research downgraded Passage Bio from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. CIBC upgraded shares of Passage Bio from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, July 14th. BMO Capital Markets reaffirmed a “buy” rating on shares of Passage Bio in a research note on Monday, June 29th. Raymond James increased their price target on shares of Passage Bio from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of Passage Bio from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th.

Shares of Passage Bio stock opened at $21.60 on Friday. The business’s 50 day moving average is $19.15. Passage Bio has a 1-year low of $11.92 and a 1-year high of $21.89.

Passage Bio (NYSE:GFL) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.33. The company had revenue of $694.42 million during the quarter, compared to analyst estimates of $632.34 million. Research analysts predict that Passage Bio will post -0.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 20th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date was Friday, July 17th.

About Passage Bio

GFL Environmental Inc operates as a diversified environmental services company in North America. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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Analyst Recommendations for Passage Bio (NYSE:GFL)

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