NYSE:GIB - CGI Stock Price, Price Target & More

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

CGI declared that its Board of Directors has authorized a share buyback plan 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 reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

CGI (NYSE:GIB) announced its quarterly earnings data on Wednesday, May, 2nd. The technology company reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by $0.02. The technology company earned $2.95 billion during the quarter, compared to analyst estimates of $2.88 billion. CGI had a return on equity of 17.67% and a net margin of 9.31%. The business's revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. View CGI's Earnings History.

3 brokers have issued 1-year price objectives for CGI's stock. Their predictions range from $64.00 to $85.00. On average, they expect CGI's stock price to reach $73.6667 in the next year. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Ratings for CGI.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to CGI include Booz Allen Hamilton (BAH), Genpact (G), RMR Group (RMR), Exponent (EXPO), FTI Consulting (FCN), ICF International (ICFI), NIC (EGOV), Huron Consulting Group (HURN), Navigant Consulting (NCI), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), China Internet Nationwide Fncl Srvcs (CIFS), AVALON GLOBOCAR/SH SH (AVCO), Information Services Group, Inc. Common Stock (III) and Wilhelmina International (WHLM).

Media coverage about GIB stock has trended positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CGI earned a media sentiment score of 0.26 on Accern's scale. They also assigned media stories about the technology company an impact score of 44.75 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

CGI's stock is owned by a number of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (2.21%), Addenda Capital Inc. (0.27%), Addenda Capital Inc. (0.14%), DORCHESTER WEALTH MANAGEMENT Co (0.04%), Montrusco Bolton Investments Inc. (0.02%) and Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.01%). View Institutional Ownership Trends for CGI.

GIB stock was sold by a variety of institutional investors in the last quarter, including Montrusco Bolton Investments Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, RDL Financial Inc., World Asset Management Inc, DORCHESTER WEALTH MANAGEMENT Co and Mckinley Capital Management LLC Delaware. View Insider Buying and Selling for CGI.

GIB stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Addenda Capital Inc., Addenda Capital Inc., Assenagon Asset Management S.A. and Daiwa SB Investments Ltd.. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of GIB stock can currently be purchased for approximately $65.73.

CGI has a market capitalization of $18.80 billion and generates $8.26 billion in revenue each year. The technology company earns $788.50 million in net income (profit) each year or $2.78 on an earnings per share basis. CGI employs 71,000 workers across the globe.

CGI's mailing address is 1350 RENE LEVESQUE BOULEVARD WEST 15TH FLOOR, MONTREAL A8, H3G 1T4. The technology company can be reached via phone at 514-841-3200 or via email at [email protected]