CGI Inc (TSE:GIB.A) Receives Average Recommendation of “Moderate Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$126.31.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets lowered their price target on CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Canadian Imperial Bank of Commerce decreased their target price on shares of CGI from C$132.00 to C$112.00 in a research report on Friday, April 17th. Raymond James Financial lowered their target price on shares of CGI from C$168.00 to C$130.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Stifel Nicolaus dropped 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 report on Tuesday, April 28th. Finally, Sanford C. Bernstein dropped their price target on shares of CGI from C$143.00 to C$141.00 in a research report on Thursday, April 30th.

CGI Trading Down 4.0%

GIB.A opened at C$92.16 on Friday. CGI has a one year low of C$83.34 and a one year high of C$142.48. The stock has a market capitalization of C$19.30 billion, a PE ratio of 12.03, a P/E/G ratio of 2.24 and a beta of 0.13. The business’s 50 day moving average price is C$91.87 and its 200 day moving average price is C$102.63. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

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

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 19th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. CGI’s dividend payout ratio (DPR) is presently 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.