NYSE:GIB - CGI Stock Price, Forecast & News

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

CGI declared that its board has initiated a stock repurchase plan on Thursday, February 1st 2018, which allows the company to repurchase 20,590,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

CGI Inc (NYSE:GIB) posted its quarterly earnings results on Wednesday, November, 6th. The technology company reported $1.21 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.99 billion. CGI had a return on equity of 19.04% and a net margin of 10.43%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. 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 analysts have issued twelve-month target prices for CGI's stock. Their forecasts range from $83.00 to $110.00. On average, they anticipate CGI's stock price to reach $97.25 in the next year. This suggests a possible upside of 17.7% 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.

Media coverage about GIB stock has trended very negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. CGI earned a media sentiment score of -3.1 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for CGI.

CGI saw a decrease in short interest in 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 daily volume of 151,400 shares, the short-interest ratio is presently 5.7 days. Currently, 0.4% of the company's shares 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), Huron Consulting Group (HURN), NIC (EGOV), RMR Group (RMR), Gopher Protocol (GOPH), Apollo Medical (AMEH), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), Avalon Globocare (AVCO) and Information Services Group (III).

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), Home Depot (HD), DXC Technology (CSC) 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 acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Man Group plc, Meritage Portfolio Management, Tower Research Capital LLC TRC, National Pension Service, Parametric Portfolio Associates LLC, Virginia Retirement Systems ET AL and Regentatlantic Capital 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 $82.60.

CGI has a market capitalization of $22.20 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]