GDI Integrated Facility Services (TSE:GDI) Stock Passes Above 50 Day Moving Average of $38.75

GDI Integrated Facility Services Inc. (TSE:GDI) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$38.75 and traded as high as C$39.18. GDI Integrated Facility Services shares last traded at C$39.18, with a volume of 134,384 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Securities reduced their target price on shares of GDI Integrated Facility Services from C$45.00 to C$41.00 and set a “hold” rating for the company in a research note on Friday, March 1st. National Bank Financial cut GDI Integrated Facility Services from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Thursday, February 29th. Desjardins reduced their price target on GDI Integrated Facility Services from C$56.00 to C$52.00 and set a “buy” rating for the company in a report on Friday, March 1st. National Bankshares downgraded GDI Integrated Facility Services from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$45.00 to C$40.50 in a research note on Friday, March 1st. Finally, CIBC cut GDI Integrated Facility Services from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from C$45.00 to C$39.00 in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$43.33.

GDI Integrated Facility Services Price Performance

The company has a market cap of C$575.55 million, a price-to-earnings ratio of 49.59 and a beta of 0.99. The company has a fifty day simple moving average of C$38.75 and a two-hundred day simple moving average of C$37.84. The company has a quick ratio of 1.44, a current ratio of 1.60 and a debt-to-equity ratio of 95.39.

GDI Integrated Facility Services (TSE:GDI) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.37 by C($0.12). GDI Integrated Facility Services had a net margin of 0.78% and a return on equity of 4.25%. The business had revenue of C$622.00 million during the quarter, compared to analysts’ expectations of C$642.90 million. On average, equities research analysts anticipate that GDI Integrated Facility Services Inc. will post 1.1599766 earnings per share for the current fiscal year.

GDI Integrated Facility Services Company Profile

GDI Integrated Facility Services Inc, together with its subsidiaries, operates in the outsourced facility services industry in Canada and the United States. The company operates through Business Services Canada, Business Services USA, Technical Services, and Corporate and Other segments. It offers cleaning services, such as floor cleaning and finishing, window washing, furniture polishing, vacuuming, carpet cleaning, washing walls and glass, shampooing rugs, removing trash and debris, and dusting, as well as other building services, including lawn maintenance, snow removal, and others.