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

Key Points

• Analyst consensus: Moderate Buy — seven brokerages cover CGI (five buy, two hold) with an average 12‑month price target of C$142.33; recent target revisions range from TD's raise to C$153 to CIBC's cut to C$112.
• Shares trade around C$99.34 (50/200‑day MAs C$100.55/C$115) with a 12‑month range of C$95.84–C$152.63, a market cap of C$21.33 billion and a P/E of 13.32.
• Recent results: earnings of C$2.12 EPS on C$4.08 billion revenue for the quarter, and an annualized dividend of $0.68 (yield ~0.7%, DPR 6.03%).

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has received an average recommendation of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$142.33.

GIB.A has been the subject of several research reports. TD Securities increased their price objective on shares of CGI from C$145.00 to C$153.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Canadian Imperial Bank of Commerce decreased their target price on shares of CGI from C$132.00 to C$112.00 in a research report on Friday, April 17th. Royal Bank Of Canada decreased their target price on shares of CGI from C$165.00 to C$150.00 and set an "outperform" rating for the company in a research report on Monday, January 26th. Desjardins decreased their target price on shares of CGI from C$157.00 to C$149.00 in a research report on Tuesday, April 21st. Finally, BMO Capital Markets decreased their target price on shares of CGI from C$145.00 to C$137.00 in a research report on Thursday, January 29th.

CGI Stock Down 0.7%

Shares of GIB.A stock opened at C$99.34 on Friday. The firm has a fifty day moving average of C$100.55 and a 200-day moving average of C$115.00. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a 12-month low of C$95.84 and a 12-month high of C$152.63. The company has a market capitalization of C$21.33 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 2.24 and a beta of 0.09.

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB last issued its quarterly earnings data on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.08 billion during the quarter. As a group, equities research analysts predict that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. CGI's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.