CGI Inc. (NYSE:GIB) Receives $132.67 Consensus PT from Brokerages

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $132.67.

Several research firms recently commented on GIB. Jefferies Financial Group boosted their price target on CGI from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Sanford C. Bernstein upgraded CGI to a “strong-buy” rating in a research note on Thursday, August 1st. UBS Group began coverage on CGI in a research note on Friday, July 19th. They issued a “neutral” rating and a $112.00 price target on the stock. Finally, CIBC cut CGI from a “sector outperform” rating to a “neutral” rating in a research note on Friday, June 21st.

CGI Price Performance

Shares of NYSE GIB opened at $114.22 on Friday. CGI has a 1-year low of $93.07 and a 1-year high of $118.89. The business has a 50-day moving average of $110.76 and a 200-day moving average of $106.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. The company has a market capitalization of $26.36 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.63 and a beta of 0.95.

CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.40 EPS for the quarter, hitting the consensus estimate of $1.40. CGI had a return on equity of 20.21% and a net margin of 11.51%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities analysts anticipate that CGI will post 5.55 EPS for the current fiscal year.

Institutional Trading of CGI

Several institutional investors and hedge funds have recently bought and sold shares of GIB. Dimensional Fund Advisors LP raised its position in shares of CGI by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 480,269 shares of the technology company’s stock worth $51,490,000 after purchasing an additional 1,983 shares during the period. UBS Group AG raised its position in shares of CGI by 116.7% during the 4th quarter. UBS Group AG now owns 369,051 shares of the technology company’s stock worth $39,566,000 after purchasing an additional 198,749 shares during the period. Trexquant Investment LP acquired a new stake in shares of CGI during the 4th quarter worth approximately $954,000. Assetmark Inc. raised its position in shares of CGI by 6,175.4% during the 4th quarter. Assetmark Inc. now owns 3,577 shares of the technology company’s stock worth $383,000 after purchasing an additional 3,520 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of CGI by 41.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,978 shares of the technology company’s stock worth $212,000 after purchasing an additional 579 shares during the period. Institutional investors and hedge funds own 66.68% of the company’s stock.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.