CGI Inc (GIB.A.TO) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts are moderately bullish on CGI: Seven of 12 firms rate the stock a buy, while five recommend holding it. The consensus 12-month price target is C$124.00, above its reported opening price of C$106.42.
• CGI reported quarterly revenue of C$4.19 billion and earnings of C$2.29 per share, with a 19.51% return on equity and an 11.51% net margin. Analysts expect full-year earnings of C$8.37 per share.
• The company recently paid a quarterly dividend of $0.17 per share, equivalent to an annualized $0.68 and a 0.6% yield; its payout ratio remains low at 6.09%.

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have earned a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$124.00.

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of CGI from C$110.00 to C$120.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price objective on shares of CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. Desjardins lowered their price objective on shares of CGI from C$118.00 to C$115.00 and set a "buy" rating for the company in a research report on Thursday, October 8th. Finally, TD upped their target price on shares of CGI from C$99.00 to C$118.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th.

CGI Stock Performance

Shares of CGI stock opened at C$106.42 on Friday. The stock's fifty day moving average is C$100.66 and its two-hundred day moving average is C$97.25. The company has a market capitalization of C$22.04 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.24 and a beta of 0.20. 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 52 week low of C$83.34 and a 52 week high of C$131.97.

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB last released its earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. The business had revenue of C$4.19 billion for the quarter. As a group, analysts expect that CGI will post 8.37 earnings per share for the current year.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 14th. CGI's payout ratio is currently 6.09%.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.

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