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

GDI Integrated Facility Services Inc. (TSE:GDI)’s stock price crossed 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GDI. Desjardins lowered their target price 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. CIBC lowered shares of GDI Integrated Facility Services from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$45.00 to C$39.00 in a research note on Friday, March 1st. National Bank Financial downgraded 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. National Bankshares lowered GDI Integrated Facility Services from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$45.00 to C$40.50 in a research report on Friday, March 1st. Finally, TD Securities lowered their price target on GDI Integrated Facility Services from C$45.00 to C$41.00 and set a “hold” rating on the stock in a report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from 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 business has a 50-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. The stock has a market capitalization of C$575.55 million, a price-to-earnings ratio of 49.59 and a beta of 0.99.

GDI Integrated Facility Services (TSE:GDI) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.37 by C($0.12). The firm had revenue of C$622.00 million during the quarter, compared to analyst estimates of C$642.90 million. GDI Integrated Facility Services had a net margin of 0.78% and a return on equity of 4.25%. As a group, research analysts predict 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.