According to Zacks, “CGI provides the full range of IT services including consulting, systems integration and the management of business and IT functions. The company’s primary focus is large scale systems integration and outsourcing contracts. “
Several other research firms have also recently commented on GIB. Desjardins raised their price target on shares of CGI from $96.00 to $100.00 and gave the stock a buy rating in a report on Thursday, April 30th. Canaccord Genuity reiterated a buy rating and issued a $100.00 target price on shares of CGI in a research note on Tuesday, April 28th. TD Securities reduced their target price on shares of CGI from $125.00 to $100.00 and set a buy rating for the company in a research note on Tuesday, April 28th. Pi Financial reiterated a hold rating and issued a $111.00 target price on shares of CGI in a research note on Monday, April 27th. Finally, CIBC reduced their target price on shares of CGI from $106.00 to $84.00 and set a neutral rating for the company in a research note on Monday, April 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $100.64.
Shares of GIB stock traded down $2.81 during trading on Monday, hitting $65.81. 10,132 shares of the company were exchanged, compared to its average volume of 320,759. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.08. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 3.33 and a beta of 0.90. The business’s 50-day simple moving average is $63.16 and its 200 day simple moving average is $71.28. CGI has a twelve month low of $46.32 and a twelve month high of $87.13.
CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.88 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. CGI had a net margin of 10.10% and a return on equity of 19.58%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. On average, equities analysts forecast that CGI will post 3.39 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. AIA Investment Management Private Ltd raised its position in shares of CGI by 9.7% in the first quarter. AIA Investment Management Private Ltd now owns 2,247 shares of the technology company’s stock valued at $122,000 after purchasing an additional 198 shares during the period. DC Investments Management LLC raised its position in shares of CGI by 3.3% in the first quarter. DC Investments Management LLC now owns 6,295 shares of the technology company’s stock valued at $343,000 after purchasing an additional 202 shares during the period. Lenox Wealth Management Inc. raised its position in shares of CGI by 0.8% in the first quarter. Lenox Wealth Management Inc. now owns 28,921 shares of the technology company’s stock valued at $1,573,000 after purchasing an additional 231 shares during the period. Oppenheimer & Co. Inc. raised its stake in CGI by 3.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,550 shares of the technology company’s stock valued at $716,000 after purchasing an additional 250 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in CGI during the 4th quarter valued at $25,000. 50.45% of the stock is currently owned by institutional investors.
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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