CGI Inc (TSE:GIB.A) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• CGI has a consensus “Moderate Buy” rating from 12 analysts, with seven buys and five holds. The average 12-month price target is C$124.23.
• CGI reported quarterly earnings of C$2.29 per share on C$4.19 billion in revenue, with an 11.51% net margin and 19.51% return on equity.
• The company paid a quarterly dividend of C$0.17, equivalent to C$0.68 annually and a 0.7% yield, while shares opened at C$97.82 and have traded between C$83.34 and C$131.97 over the past year.

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have received a consensus rating of "Moderate Buy" from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$124.23.

Several equities research analysts have recently weighed in on GIB.A shares. TD upped their target price on CGI from C$99.00 to C$118.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their price target on CGI from C$110.00 to C$120.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price target on CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. National Bank Financial set a C$135.00 price objective on shares of CGI and gave the company an "outperform" rating in a research report on Friday, June 12th. Finally, Desjardins increased their price objective on shares of CGI from C$117.00 to C$118.00 and gave the company a "buy" rating in a research report on Thursday, July 30th.

CGI Stock Performance

Shares of GIB.A stock opened at C$97.82 on Wednesday. The company's fifty day simple moving average is C$100.28 and its 200-day simple moving average is C$97.25. CGI has a 52 week low of C$83.34 and a 52 week high of C$131.97. 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 company has a market cap of C$20.26 billion, a PE ratio of 12.15, a P/E/G ratio of 2.24 and a beta of 0.19.

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share for the quarter. The firm had revenue of C$4.19 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. As a group, equities research analysts anticipate that CGI will post 8.3679245 EPS for the current year.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were paid a $0.17 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. CGI's dividend payout ratio is 6.09%.

CGI Company Profile

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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