CGI (TSE:GIB.A) Sets New 12-Month Low – What’s Next?

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) hit a new 52-week low during trading on Wednesday . The company traded as low as C$98.84 and last traded at C$99.47, with a volume of 48248 shares traded. The stock had previously closed at C$100.04.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GIB.A shares. Raymond James Financial decreased their price target on CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. Sanford C. Bernstein boosted their target price on CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. Scotiabank set a C$140.00 price target on shares of CGI and gave the company a “sector perform” rating in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce reduced their price objective on shares of CGI from C$139.00 to C$132.00 in a research report on Thursday, January 29th. Finally, Canaccord Genuity Group dropped their target price on shares of CGI from C$155.00 to C$150.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$147.67.

CGI Stock Performance

The stock has a market cap of C$21.46 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 2.24 and a beta of 0.22. The stock has a 50 day simple moving average of C$121.49 and a 200 day simple moving average of C$124.81. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings data on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. The business had revenue of C$4.08 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. On average, equities analysts expect that CGI Inc will post 8.3679245 earnings per share for the current year.

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 20th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, February 18th. CGI’s dividend payout ratio is presently 6.03%.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.