CGI (TSE:GIB.A) Sets New 1-Year Low – What’s Next?

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) reached a new 52-week low on Wednesday . The stock traded as low as C$105.38 and last traded at C$105.45, with a volume of 110476 shares traded. The stock had previously closed at C$109.87.

Wall Street Analysts Forecast Growth

GIB.A has been the topic of a number of recent research reports. Royal Bank Of Canada lowered their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce lowered their target price on shares of CGI from C$139.00 to C$132.00 in a report on Thursday, January 29th. TD Securities boosted their price target on CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Raymond James Financial reduced their price target on CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th. Finally, Canaccord Genuity Group dropped their price objective on CGI from C$155.00 to C$150.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$147.67.

CGI Trading Down 0.9%

The firm’s 50-day simple moving average is C$122.99 and its 200 day simple moving average is C$125.65. The firm has a market capitalization of C$21.81 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 2.24 and a beta of 0.22. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. The company had revenue of C$4.08 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. Equities analysts expect that CGI Inc will post 8.3679245 earnings per share for the current year.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 20th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, February 18th. CGI’s dividend payout ratio (DPR) is presently 6.03%.

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.