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 initiated a stock buyback plan on Thursday, February 1st 2018, which allows the company to buyback 20,590,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

CGI Inc (NYSE:GIB) released its earnings results on Wednesday, November, 6th. The technology company reported $1.21 EPS for the quarter, topping the Zacks' 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 firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 Wall Street analysts have issued 1 year price objectives for CGI's stock. 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 14.5% 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 somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing 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 media sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the near future. View News Stories for CGI.

CGI saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 656,100 shares, a decrease of 6.8% from the December 15th total of 703,600 shares. Based on an average daily trading volume, of 154,900 shares, the days-to-cover ratio is presently 4.2 days. Currently, 0.3% of the shares of the stock 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 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%), Clark Capital Management Group Inc. (0.08%), M&G Investment Management Ltd. (0.06%), Galibier Capital Management Ltd. (0.06%), Virginia Retirement Systems ET AL (0.05%) and Zurcher Kantonalbank Zurich Cantonalbank (0.05%).

GIB stock was sold by a variety of institutional investors in the last quarter, including Clark Capital Management Group Inc., Ninepoint Partners LP, CLARET ASSET MANAGEMENT Corp, Galibier Capital Management Ltd., DORCHESTER WEALTH MANAGEMENT Co, NEXT Financial Group Inc, First Personal Financial Services and Mckinley Capital Management LLC Delaware.

GIB stock was acquired by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Steigerwald Gordon & Koch Inc., Assenagon Asset Management S.A., Virginia Retirement Systems ET AL, Campbell & CO Investment Adviser LLC 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 $85.80.

CGI has a market capitalization of $23.06 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]