GDI Integrated Facility Services (TSE:GDI) Stock Price Passes Above 50 Day Moving Average of $46.75

GDI Integrated Facility Services Inc. (TSE:GDIGet Rating)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$46.75 and traded as high as C$51.33. GDI Integrated Facility Services shares last traded at C$51.33, with a volume of 8,390 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GDI shares. CIBC lowered their price objective on GDI Integrated Facility Services from C$65.00 to C$61.00 and set an “outperform” rating for the company in a research note on Thursday, May 12th. Stifel Nicolaus decreased their price target on GDI Integrated Facility Services from C$70.00 to C$60.00 in a research report on Thursday, May 12th. Finally, Scotiabank decreased their price target on GDI Integrated Facility Services from C$59.00 to C$50.00 in a research report on Thursday, May 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, GDI Integrated Facility Services presently has a consensus rating of “Moderate Buy” and a consensus price target of C$64.33.

GDI Integrated Facility Services Trading Up 2.9 %

The firm has a fifty day simple moving average of C$46.75 and a two-hundred day simple moving average of C$49.72. The firm has a market capitalization of C$1.19 billion and a P/E ratio of 31.69. The company has a debt-to-equity ratio of 90.30, a current ratio of 1.44 and a quick ratio of 1.28.

GDI Integrated Facility Services (TSE:GDIGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported C$0.30 earnings per share for the quarter, missing the consensus estimate of C$0.44 by C($0.14). The business had revenue of C$495.00 million during the quarter, compared to analyst estimates of C$486.77 million. On average, equities research analysts anticipate that GDI Integrated Facility Services Inc. will post 2.05 earnings per share for the current fiscal year.

Insider Buying and Selling at GDI Integrated Facility Services

In related news, Senior Officer Craig William Stanford purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was purchased at an average cost of C$48.91 per share, with a total value of C$73,365.00. Following the completion of the acquisition, the insider now directly owns 1,500 shares of the company’s stock, valued at C$73,365.

About GDI Integrated Facility Services

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GDI Integrated Facility Services Inc operates in the outsourced facility services industry. The company operates through Janitorial Canada, Janitorial USA, and Technical services segments. It offers janitorial services, such as cleaning floors, dusting desks and tables, vacuuming carpets, sanitizing kitchens and washrooms, watering plants, cleaning exterior and interior parking facilities, and removal of garbage, as well as other services, including stripping and waxing floors, carpet cleaning, heavy dust cleaning, and window cleaning.

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