CGI Inc. (NYSE:GIB) Receives $153.25 Average Target Price from Analysts

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have been given an average rating of “Buy” by the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $153.25.

GIB has been the topic of a number of recent research reports. Jefferies Financial Group reduced their target price on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. UBS Group upped their target price on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $178.00 target price on shares of CGI in a report on Monday, January 6th.

CGI Price Performance

Shares of NYSE GIB opened at $98.80 on Friday. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 2.58 and a beta of 0.96. CGI has a 52 week low of $96.92 and a 52 week high of $122.79. The company’s 50-day moving average price is $111.15 and its 200 day moving average price is $111.99. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. As a group, research analysts forecast that CGI will post 5.79 earnings per share for the current fiscal year.

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.1039 per share. The ex-dividend date was Friday, February 14th. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. CGI’s payout ratio is currently 7.41%.

Institutional Trading of CGI

A number of institutional investors and hedge funds have recently bought and sold shares of GIB. Atria Investments Inc acquired a new stake in CGI during the 3rd quarter worth approximately $218,000. Metis Global Partners LLC increased its position in CGI by 12.7% during the 3rd quarter. Metis Global Partners LLC now owns 10,426 shares of the technology company’s stock worth $1,200,000 after purchasing an additional 1,171 shares in the last quarter. Natixis Advisors LLC increased its position in CGI by 18.2% during the 3rd quarter. Natixis Advisors LLC now owns 23,165 shares of the technology company’s stock worth $2,663,000 after purchasing an additional 3,564 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in CGI during the 3rd quarter worth approximately $209,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in CGI during the 3rd quarter worth approximately $825,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.