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

GDI Integrated Facility Services Inc. (TSE:GDI - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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 trading hands.

Wall Street Analyst Weigh In

GDI has been the topic of several research analyst reports. CIBC downgraded 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. Desjardins lowered their target price on GDI Integrated Facility Services from C$56.00 to C$52.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. TD Securities lowered their target price on GDI Integrated Facility Services from C$45.00 to C$41.00 and set a "hold" rating on the stock 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 note on Thursday, February 29th. Finally, National Bankshares downgraded GDI Integrated Facility Services from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$45.00 to C$40.50 in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$43.33.

GDI Integrated Facility Services Stock Down 4.0 %

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 business has a 50-day moving average price of C$38.73 and a 200-day moving average price of C$37.83. The firm has a market capitalization of C$552.49 million, a PE ratio of 47.61 and a beta of 0.99.

GDI Integrated Facility Services (TSE:GDI - Get Free Report) last issued 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 business had revenue of C$622.00 million during the quarter, compared to analysts' expectations of C$642.90 million. GDI Integrated Facility Services had a return on equity of 4.25% and a net margin of 0.78%. Equities research analysts forecast that GDI Integrated Facility Services Inc. will post 1.1599766 earnings per share for the current fiscal year.

About GDI Integrated Facility Services

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.