NYSE:GIBCGI Stock Price, Forecast & News

$66.89

-0.15 (-0.22 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$66.16

Now: $66.89▼

$67.25

50-Day Range

$57.74

MA: $62.14▼

$65.66

52-Week Range

$46.32

Now: $66.89▼

$87.13

Volume316,792 shs

Average Volume324,791 shs

Market Capitalization$18.02 billion

P/E Ratio19.50

Dividend YieldN/A

Beta0.9

CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development, management, testing, portfolio management, and modernization services; business consulting, including agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific services; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure consulting, solutions, and services. It serves clients operating in government, financial services, health, utility, communication, oil and gas, manufacturing, retail and consumer service, transportation, and post and logistics sectors. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
CGI has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 8 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $101.80, CGI has a potential upside of 52.2% from its current price of $66.89.
Amount of Analyst Coverage
CGI has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
CGI has received 528 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CGI has received 571 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CGI has received 51.96% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CGI and other stocks. Vote “Outperform” if you believe GIB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GIB will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
CGI does not currently pay a dividend.
Dividend Growth
CGI does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CGI insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.90% of the stock of CGI is held by insiders.
Percentage Held by Institutions
50.45% of the stock of CGI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for CGI are expected to grow by 8.26% in the coming year, from $3.39 to $3.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CGI is 19.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of CGI is 19.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.64.
Price to Earnings Growth Ratio
CGI has a PEG Ratio of 3.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CGI has a P/B Ratio of 3.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.79 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Management consulting services

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:GIB

Previous Symbol

CUSIPN/A

CIK1061574

Webwww.cgi.com

Phone514-841-3200

Debt

Debt-to-Equity Ratio0.47

Current Ratio1.08

Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio19.50

Forward P/E Ratio19.73

P/E Growth3.19

Sales & Book Value

Annual Sales$9.12 billion

Price / Sales1.97

Cash Flow$4.84 per share

Price / Cash Flow13.83

Book Value$19.25 per share

Price / Book3.47

Profitability

EPS (Most Recent Fiscal Year)$3.54

Net Income$951.45 million

Net Margins10.10%

Return on Equity19.58%

Return on Assets9.96%

Miscellaneous

Employees77,500

Outstanding Shares269,344,000

Market Cap$18.02 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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CGI (NYSE:GIB) Frequently Asked Questions

How has CGI's stock been impacted by COVID-19 (Coronavirus)?

CGI's stock was trading at $66.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GIB shares have increased by 1.0% and is now trading at $66.89. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CGI?

11 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CGI.

When is CGI's next earnings date?

CGI is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for CGI.

How were CGI's earnings last quarter?

CGI Inc (NYSE:GIB) released its quarterly earnings data on Wednesday, April, 29th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.88 by $0.38. The technology company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. CGI had a net margin of 10.10% and a return on equity of 19.58%. CGI's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. View CGI's earnings history.

What price target have analysts set for GIB?

11 analysts have issued 12-month price objectives for CGI's stock. Their forecasts range from $84.00 to $117.00. On average, they anticipate CGI's stock price to reach $101.80 in the next year. This suggests a possible upside of 52.2% from the stock's current price. View analysts' price targets for CGI.

Has CGI been receiving favorable news coverage?

News coverage about GIB stock has been trending very negative on Friday, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CGI earned a news impact score of -3.2 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutCGI.

Are investors shorting CGI?

CGI saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,190,000 shares, an increase of 15.9% from the April 30th total of 1,890,000 shares. Based on an average daily volume of 384,100 shares, the short-interest ratio is currently 5.7 days. Approximately 1.0% of the company's stock are sold short. View CGI's Current Options Chain.

Who are some of CGI's key competitors?

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), Avalon Globocare (AVCO) and Information Services Group (III). View all competitors.

What other stocks do shareholders of CGI own?

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), Home Depot (HD), Energy Transfer LP Unit (ET), Visa (V) and BCE (BCE).

Who are CGI's key executives?

CGI's management team includes the following people:

Mr. Serge Godin, Founder & Exec. Chairman (Age 70)
Mr. George D. Schindler, Pres, CEO & Director (Age 56)
Ms. Julie Godin, Vice-Chair of the Board, Exec. VP and Chief Planning & Admin. Officer (Age 44)
Mr. André Imbeau, Co-Founder & Director (Age 69)
Mr. François Boulanger, Exec. VP & CFO

What is CGI's stock symbol?

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

Who are CGI's major shareholders?

CGI's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (1.97%), The Manufacturers Life Insurance Company (1.75%), Fiera Capital Corp (0.84%), 1832 Asset Management L.P. (0.82%), CIBC World Markets Inc. (0.81%) and Massachusetts Financial Services Co. MA (0.78%).

Which major investors are selling CGI stock?

GIB stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., 1832 Asset Management L.P., APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Toronto Dominion Bank, Healthcare of Ontario Pension Plan Trust Fund, and Acadian Asset Management LLC.

Which major investors are buying CGI stock?

GIB stock was bought by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Fiera Capital Corp, Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Sumitomo Mitsui Trust Holdings Inc., Guardian Capital LP, and Massachusetts Financial Services Co. MA.

How do I buy shares of CGI?

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.

What is CGI's stock price today?

One share of GIB stock can currently be purchased for approximately $66.89.

How big of a company is CGI?

CGI has a market capitalization of $18.02 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.

What is CGI's official website?

The official website for CGI is www.cgi.com.

How can I contact CGI?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff