NYSE:GIB - CGI Stock Price, Forecast & News

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

CGI Inc (NYSE:GIB) issued its earnings results on Wednesday, January, 29th. The technology company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.94 by $0.29. The technology company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.14 billion. CGI had a net margin of 10.18% and a return on equity of 19.23%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 earnings per share. View CGI's Earnings History.

CGI is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for CGI.

8 analysts have issued 12 month price objectives for CGI's shares. Their forecasts range from $83.00 to $117.00. On average, they anticipate CGI's stock price to reach $104.33 in the next year. This suggests a possible upside of 37.9% 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, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CGI.

News stories about GIB stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CGI earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for CGI.

CGI saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 760,700 shares, an increase of 15.9% from the January 15th total of 656,100 shares. Based on an average daily volume of 153,600 shares, the days-to-cover ratio is currently 5.0 days. Approximately 0.3% of the company's shares 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), Huron Consulting Group (HURN), NIC (EGOV), RMR Group (RMR), Apollo Medical (AMEH), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), Information Services Group (III), Avalon Globocare (AVCO) and ATIF (ATIF).

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 a variety of of retail and institutional investors. Top institutional investors include FIL Ltd (3.22%), Jarislowsky Fraser Ltd (3.04%), Bank of Montreal Can (2.62%), TD Asset Management Inc. (1.28%), Great West Life Assurance Co. Can (0.97%) and CIBC World Markets Inc. (0.85%).

GIB stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Connor Clark & Lunn Investment Management Ltd., Alberta Investment Management Corp, Russell Investments Group Ltd., QV Investors Inc., Clark Capital Management Group Inc., Janus Henderson Group PLC and Guardian Capital LP.

GIB stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Great West Life Assurance Co. Can, Acadian Asset Management LLC, M&G Investment Management Ltd., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, DekaBank Deutsche Girozentrale, TD Asset Management Inc. and UBS Asset Management Americas Inc..

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 $75.65.

CGI has a market capitalization of $20.33 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]