GDI Integrated Facility Services Inc. experienced a significant surge in its share price, climbing by 23.7% during mid-day trading on November 7, 2023. The stock reached a peak of C$36.60 before closing at C$36.15. This trading session saw 94,790 shares change hands, marking an impressive increase of 541% from the average trading volume of 14,778 shares. The previous closing price was C$29.22.
Analysts have taken a closer look at GDI Integrated Facility Services, with various reports addressing the stock’s future performance. Notably, Scotiabank adjusted its price target for GDI shares from C$33.00 to C$32.00 in a report published on November 10. Conversely, Raymond James Financial set a target price of C$35.00 and assigned an “outperform” rating in a note dated September 19. Currently, two investment analysts recommend a Buy rating for the stock, while two others have issued a Hold rating.
According to MarketBeat.com, GDI Integrated Facility Services holds a consensus rating of “Moderate Buy” with an average price target of C$35.60.
Recent Earnings and Company Profile
GDI Integrated Facility Services released its latest earnings report on November 5, revealing earnings per share of C$0.58 for the quarter, alongside a total revenue of C$615.00 million. The company reported a net margin of 0.59% and a return on equity of 3.26%. Analysts project that GDI Integrated Facility Services will achieve an earnings per share of approximately C$1.30 for the current fiscal year.
GDI Integrated Facility Services operates primarily within the facility services sector. Its business segments include Janitorial Canada, Janitorial USA, Technical Services, and Complementary Services. The Janitorial Canada segment is the primary source of revenue, offering a range of fundamental janitorial services such as floor cleaning, window washing, and carpet cleaning, in addition to other building services like lawn maintenance and snow removal.
As the company continues to attract attention from analysts and investors, GDI Integrated Facility Services remains a notable player in the facility services market.
