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 of Directors has approved a share 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 generally an indication that the company's board of directors believes its shares are undervalued.

CGI Inc (NYSE:GIB) released its 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 net margin of 10.43% and a return on equity of 19.04%. CGI's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company 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.

CGI will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

7 equities research analysts have issued 12 month price objectives for CGI's shares. Their forecasts range from $83.00 to $114.00. On average, they anticipate CGI's stock price to reach $98.25 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Price Targets for CGI.

7 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CGI.

Headlines about GIB stock have been trending negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. CGI earned a daily sentiment score of -2.3 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for CGI.

CGI saw a drop in short interest in December. As of December 31st, there was short interest totalling 656,100 shares, a drop of 6.8% from the December 15th total of 703,600 shares. Based on an average trading volume of 154,900 shares, the short-interest ratio is currently 4.2 days. Approximately 0.3% of the shares of the company 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), Apollo Medical (AMEH), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), Avalon Globocare (AVCO), Information Services Group (III) and Gopher Protocol (GOPH).

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

CGI's stock is owned by many different of retail and institutional investors. Top institutional shareholders include CLARET ASSET MANAGEMENT Corp (0.21%), Galibier Capital Management Ltd. (0.06%), Zurcher Kantonalbank Zurich Cantonalbank (0.05%), DORCHESTER WEALTH MANAGEMENT Co (0.05%), Henry James International Management Inc. (0.04%) and Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.01%).

GIB stock was sold by a variety of institutional investors in the last quarter, including CLARET ASSET MANAGEMENT Corp, Galibier Capital Management Ltd., DORCHESTER WEALTH MANAGEMENT Co, NEXT Financial Group Inc and Henry James International Management Inc..

GIB stock was purchased by a variety of institutional investors in the last quarter, including Meag Munich Ergo Kapitalanlagegesellschaft MBH, Assenagon Asset Management S.A. and Zurcher Kantonalbank Zurich Cantonalbank .

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 $86.16.

CGI has a market capitalization of $23.16 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 77,500 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 25TH FLOOR, MONTREAL A8, H3G 1T4. The technology company can be reached via phone at 514-841-3200 or via email at [email protected]