CGI Inc (NYSE:GIB) Receives $104.33 Consensus Price Target from Brokerages

CGI Inc (NYSE:GIB) (TSE:GIB.A) has been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $104.33.

Several equities research analysts have recently weighed in on the stock. National Bank Financial reissued an “outperfrom under weight” rating on shares of CGI in a research note on Monday, January 27th. Pi Financial reissued a “hold” rating and issued a $116.00 target price on shares of CGI in a research note on Tuesday, January 28th. Zacks Investment Research raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $117.00 price target on shares of CGI in a research note on Thursday, January 30th. Finally, ValuEngine raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd.

Shares of GIB traded up $0.60 during midday trading on Friday, hitting $77.58. The stock had a trading volume of 151,043 shares, compared to its average volume of 223,318. CGI has a 1 year low of $65.32 and a 1 year high of $87.13. The firm has a market cap of $20.79 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.18 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.75. The stock’s 50 day moving average is $82.67 and its 200 day moving average is $80.16.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its earnings results on Wednesday, January 29th. The technology company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.29. CGI had a net margin of 10.18% and a return on equity of 19.23%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that CGI will post 3.85 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Pacifica Partners Inc. purchased a new position in CGI in the 4th quarter worth about $25,000. Chevy Chase Trust Holdings Inc. purchased a new position in CGI during the 4th quarter valued at about $25,000. CWM LLC increased its position in CGI by 182.3% during the 3rd quarter. CWM LLC now owns 367 shares of the technology company’s stock valued at $29,000 after purchasing an additional 237 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in CGI by 30.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 560 shares of the technology company’s stock valued at $43,000 after purchasing an additional 130 shares during the period. Finally, Parallel Advisors LLC increased its position in CGI by 100.0% during the 3rd quarter. Parallel Advisors LLC now owns 866 shares of the technology company’s stock valued at $69,000 after purchasing an additional 433 shares during the period. 55.63% of the stock is currently owned by institutional investors.

About CGI

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.

See Also: Debt-To-Equity Ratio

Analyst Recommendations for CGI (NYSE:GIB)

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