CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of “Moderate Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$126.31.

A number of research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce dropped their price objective on CGI from C$132.00 to C$112.00 in a report on Friday, April 17th. Raymond James Financial reduced their target price on CGI from C$168.00 to C$130.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. TD decreased their target price on shares of CGI from C$153.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Stifel Nicolaus lowered their price target on shares of CGI from C$160.00 to C$128.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, BMO Capital Markets cut their price target on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a report on Monday, April 27th.

CGI Price Performance

Shares of GIB.A opened at C$95.70 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock’s 50 day moving average is C$91.96 and its two-hundred day moving average is C$102.15. CGI has a twelve month low of C$83.34 and a twelve month high of C$142.48. The firm has a market capitalization of C$20.04 billion, a PE ratio of 12.49, a P/E/G ratio of 2.24 and a beta of 0.13.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share (EPS) for the quarter. The business had revenue of C$4.16 billion during the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. Research analysts anticipate that CGI will post 8.3679245 earnings per share for the current year.

CGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 19th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 15th. CGI’s dividend payout ratio is presently 6.14%.

CGI Company Profile

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.