CGI Inc (TSE:GIB.A) Given Average Rating of “Moderate Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$127.46.

Several equities research analysts have weighed in on GIB.A shares. Sanford C. Bernstein decreased their price target on shares of CGI from C$143.00 to C$141.00 in a research note on Thursday, April 30th. TD Securities lifted their price target on shares of CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. National Bank Financial decreased their price target on shares of CGI from C$185.00 to C$150.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce decreased their price target on shares of CGI from C$132.00 to C$112.00 in a research note on Friday, April 17th. Finally, Stifel Nicolaus decreased their price target on shares of CGI from C$160.00 to C$128.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th.

CGI Trading Up 2.1%

GIB.A opened at C$94.53 on Thursday. CGI has a 1-year low of C$83.34 and a 1-year high of C$150.03. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a market cap of C$19.80 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 2.24 and a beta of 0.08. The company has a fifty day moving average price of C$97.00 and a two-hundred day moving average price of C$110.64.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The firm had revenue of C$4.16 billion during the quarter. Analysts predict that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 19th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, May 15th. CGI’s dividend payout ratio (DPR) is currently 6.14%.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.