GDI Integrated Facility Services (TSE:GDI) Upgraded by CIBC to Outperform

GDI Integrated Facility Services (TSE:GDI) was upgraded by CIBC from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a C$35.00 price target on the stock, up from their previous price target of C$31.00. CIBC’s price target would suggest a potential upside of 12.43% from the company’s current price.

Several other analysts have also weighed in on the stock. National Bank Financial lifted their target price on shares of GDI Integrated Facility Services from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday. Cormark reiterated a “buy” rating and set a C$35.00 target price on shares of GDI Integrated Facility Services in a research report on Thursday, July 18th.

Shares of GDI Integrated Facility Services stock traded up C$1.15 during trading on Friday, hitting C$31.13. 372,440 shares of the company’s stock traded hands, compared to its average volume of 8,112. The company has a debt-to-equity ratio of 72.11, a current ratio of 1.57 and a quick ratio of 1.44. The firm’s fifty day moving average price is C$29.07 and its 200 day moving average price is C$27.87. GDI Integrated Facility Services has a twelve month low of C$17.95 and a twelve month high of C$31.44. The company has a market cap of $634.39 million and a PE ratio of 57.86.

GDI Integrated Facility Services (TSE:GDI) last issued its earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.03). The firm had revenue of C$312.76 million for the quarter, compared to analyst estimates of C$312.70 million. As a group, equities research analysts anticipate that GDI Integrated Facility Services will post 0.83 earnings per share for the current year.

GDI Integrated Facility Services Company Profile

GDI Integrated Facility Services Inc operates in the outsourced facility services industry. The company operates through Janitorial Canada, Janitorial USA, Technical services, and Complementary Services segments. It offers janitorial services, such as floor cleaning and finishing, window washing, furniture polishing, carpet cleaning and dusting, as well as other building services, including lawn maintenance, snow removal, and other.

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