CGI Stock Price, Forecast & Analysis (NYSE:GIB)

CGI trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIB."

CGI announced that its Board of Directors has initiated a stock buyback program on Thursday, February 1st 2018, which authorizes the company to buyback 20,590,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

CGI Inc (NYSE:GIB) announced its quarterly earnings results on Wednesday, November, 6th. The technology company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.92 by $0.29. The technology company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. CGI had a return on equity of 19.04% and a net margin of 10.43%. CGI's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. View CGI's Earnings History.

CGI is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for CGI.

8 equities research analysts have issued twelve-month target prices for CGI's shares. Their forecasts range from $83.00 to $110.00. On average, they anticipate CGI's stock price to reach $97.25 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for CGI.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CGI.

Headlines about GIB stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. CGI earned a news sentiment score of -1.6 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for CGI.

CGI saw a decrease in short interest in the month of October. As of October 15th, there was short interest totalling 863,500 shares, a decrease of 13.0% from the September 15th total of 992,600 shares. Based on an average trading volume of 151,400 shares, the days-to-cover ratio is presently 5.7 days. Approximately 0.4% of the shares of the stock are sold short. View CGI's Current Options Chain.

Some companies that are related to CGI include Capgemini (CGEMY), Booz Allen Hamilton (BAH), Genpact (G), FTI Consulting (FCN), Exponent (EXPO), ICF International (ICFI), NIC (EGOV), Huron Consulting Group (HURN), RMR Group (RMR), Navigant Consulting (NCI), Gopher Protocol (GOPH), Apollo Medical (AMEH), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC) and Avalon Globocare (AVCO).

Based on aggregate information from My MarketBeat watchlists, some companies that other CGI investors own include CGI (GIB.A), HEXO (HEXO), Mcdonald's (MCD), IBM (IBM), Cognizant Technology Solutions (CTSH), NVIDIA (NVDA), Energy Transfer LP Unit (ET), DXC Technology (CSC), Home Depot (HD) and Visa (V).

CGI's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Great West Life Assurance Co. Can (0.89%), Massachusetts Financial Services Co. MA (0.70%), Alberta Investment Management Corp (0.57%), QV Investors Inc. (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.36%) and CIBC Asset Management Inc (0.24%).

GIB stock was sold by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, Great West Life Assurance Co. Can, CIBC Asset Management Inc, QV Investors Inc., Russell Investments Group Ltd., Greystone Managed Investments Inc., AMF Pensionsforsakring AB and Renaissance Group LLC.

GIB stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Meritage Portfolio Management, Tower Research Capital LLC TRC, Virginia Retirement Systems ET AL, Regentatlantic Capital LLC, Wetherby Asset Management Inc., WESPAC Advisors SoCal LLC and Trillium Asset Management LLC.

Shares of GIB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of GIB stock can currently be purchased for approximately $82.43.

CGI has a market capitalization of $22.15 billion and generates $9.12 billion in revenue each year. The technology company earns $951.45 million in net income (profit) each year or $3.54 on an earnings per share basis. CGI employs 74,000 workers across the globe.View Additional Information About CGI.

The official website for CGI is http://www.cgi.com/.

CGI's mailing address is 1350 RENE LEVESQUE BOULEVARD WEST 15TH FLOOR, MONTREAL A8, H3G 1T4. The technology company can be reached via phone at 514-841-3200 or via email at [email protected]