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 has authorized a share repurchase plan on Thursday, February 1st 2018, which permits the company to buyback 20,590,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

CGI Inc (NYSE:GIB) posted its quarterly earnings data 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 earned $2.96 billion during the quarter, compared to analysts' expectations of $2.99 billion. CGI had a return on equity of 19.04% and a net margin of 10.43%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company 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 12-month price objectives for CGI's stock. Their forecasts range from $83.00 to $110.00. On average, they expect CGI's stock price to reach $97.25 in the next twelve months. This suggests a possible upside of 21.5% 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.

News headlines about GIB stock have trended very negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. 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 media sentiment score of -3.2 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for CGI.

CGI saw a drop in short interest in October. As of October 31st, there was short interest totalling 863,500 shares, a drop of 13.0% from the September 30th total of 992,600 shares. Based on an average daily volume of 151,400 shares, the short-interest ratio is presently 5.7 days. Approximately 0.4% of the shares of the company are short sold. 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 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), NVIDIA (NVDA), IBM (IBM), DXC Technology (CSC), Energy Transfer LP Unit (ET), Cognizant Technology Solutions (CTSH), Home Depot (HD) and Visa (V).

CGI's stock is owned by many different of institutional and retail investors. Top institutional investors 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 bought 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 $80.03.

CGI has a market capitalization of $21.56 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]