CGI Group (GIB) Earning Somewhat Positive News Coverage, Study Finds
News coverage about CGI Group (NYSE:GIB) (TSE:GIB.A) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CGI Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 49.143092974216 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- $0.72 Earnings Per Share Expected for CGI Group, Inc. (NYSE:GIB) This Quarter (americanbankingnews.com)
- FY2017 Earnings Estimate for CGI Group, Inc. Issued By Desjardins (GIB) (americanbankingnews.com)
- National Bank Financial Equities Analysts Reduce Earnings Estimates for CGI Group, Inc. (NYSE:GIB) (americanbankingnews.com)
- CGI Group, Inc. (NYSE:GIB) Expected to Earn Q4 2017 Earnings of $0.77 Per Share (americanbankingnews.com)
- CGI Group Inc (GIB) Ichimoku Reveals Positive Momentum – Evergreen Caller (evergreencaller.com)
GIB has been the topic of a number of analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $60.00 price objective (up from $55.00) on shares of CGI Group in a report on Wednesday. Beacon Securities reaffirmed a “buy” rating on shares of CGI Group in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of CGI Group from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Tuesday, July 4th. Finally, BidaskClub raised shares of CGI Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $61.00.
CGI Group (GIB) traded down 1.82% during trading on Thursday, reaching $49.20. 191,863 shares of the company’s stock were exchanged. CGI Group has a 12 month low of $45.73 and a 12 month high of $53.65. The firm has a 50 day moving average of $51.73 and a 200-day moving average of $49.05. The stock has a market cap of $14.53 billion, a PE ratio of 17.15 and a beta of 0.93.
CGI Group (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.01. CGI Group had a return on equity of 17.10% and a net margin of 10.18%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that CGI Group will post $2.89 earnings per share for the current fiscal year.
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About CGI Group
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
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