NYSE:GIB - CGI Stock Price, Forecast & News

CGI's stock was trading at $66.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GIB stock has decreased by 24.2% and is now trading at $50.21. View which stocks have been mosted impacted by Coronavirus.

9 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CGI.

CGI is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for CGI.

CGI Inc (NYSE:GIB) posted its quarterly earnings results on Wednesday, January, 29th. The technology company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.29. The technology company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.14 billion. CGI had a net margin of 10.18% and a return on equity of 19.23%. The company's revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. View CGI's earnings history.

9 brokerages have issued 1-year price objectives for CGI's stock. Their forecasts range from $83.00 to $117.00. On average, they anticipate CGI's stock price to reach $104.33 in the next twelve months. This suggests a possible upside of 107.8% from the stock's current price. View analysts' price targets for CGI.

Media coverage about GIB stock has trended somewhat positive on Sunday, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CGI earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCGI.

CGI saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,418,600 shares, an increase of 22.3% from the February 27th total of 1,160,000 shares. Based on an average trading volume of 219,200 shares, the days-to-cover ratio is currently 6.5 days. Approximately 0.7% of the company's 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), NIC (EGOV), ICF International (ICFI), Huron Consulting Group (HURN), RMR Group (RMR), Apollo Medical (AMEH), The Hackett Group (HCKT), Diamond Eagle Acquisition (ATCX), Blackrock Capital Investment (BKCC), Information Services Group (III) 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), IBM (IBM), Mcdonald's (MCD), NVIDIA (NVDA), Cognizant Technology Solutions (CTSH), Energy Transfer LP Unit (ET), Home Depot (HD), BCE (BCE) and Enbridge (ENB).

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

CGI's stock is owned by a variety of institutional and retail 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%), Norges Bank (0.98%) and Great West Life Assurance Co. Can (0.97%).

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 purchased by a variety of institutional investors in the last quarter, including Norges Bank, 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, and TD Asset Management 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 $50.21.

CGI has a market capitalization of $13.52 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]