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 repurchase program 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. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

CGI Inc (NYSE:GIB) posted its quarterly earnings data on Wednesday, November, 6th. The technology company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.92 by $0.29. The technology company earned $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. CGI had a return on equity of 19.04% and a net margin of 10.43%. CGI's revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 twelve-month target prices for CGI's stock. Their forecasts range from $83.00 to $114.00. On average, they expect CGI's stock price to reach $98.25 in the next year. This suggests a possible upside of 14.1% 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.

News stories about GIB stock have trended extremely negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CGI earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for CGI.

CGI saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 656,100 shares, a decline of 6.8% from the December 15th total of 703,600 shares. Based on an average trading volume of 154,900 shares, the days-to-cover ratio is currently 4.2 days. Currently, 0.3% of the shares of the 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), 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 a number of of retail and institutional investors. Top institutional investors 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 acquired by a variety of institutional investors in the last quarter, including Meag Munich Ergo Kapitalanlagegesellschaft MBH, Assenagon Asset Management S.A., 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 $86.09.

CGI has a market capitalization of $23.14 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]