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

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$147.67.

Several equities analysts have recently issued reports on the company. Scotiabank set a C$140.00 price objective on CGI and gave the company a “sector perform” rating in a report on Tuesday, January 27th. Desjardins set a C$157.00 price objective on shares of CGI and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada cut their price objective on 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 decreased their price objective on shares of CGI from C$139.00 to C$132.00 in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein lifted their target price on CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th.

CGI Stock Down 0.9%

Shares of TSE GIB.A opened at C$101.55 on Tuesday. The company has a market cap of C$21.81 billion, a P/E ratio of 13.61, a PEG ratio of 2.24 and a beta of 0.22. The firm has a 50-day simple moving average of C$121.99 and a two-hundred day simple moving average of C$125.04. CGI has a 1 year low of C$98.86 and a 1 year high of C$174.30. 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 earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.08 billion for the quarter. Research analysts anticipate that CGI will post 8.3679245 earnings per share for the current year.

CGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 20th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $0.68 annualized dividend and a yield of 0.7%. CGI’s payout ratio is 6.03%.

CGI Company Profile

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.