Q4 2017 Earnings Estimate for CGI Group, Inc. Issued By Desjardins (GIB)
CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Stock analysts at Desjardins lifted their Q4 2017 earnings per share (EPS) estimates for shares of CGI Group in a report issued on Wednesday. Desjardins analyst M. Yaghi now forecasts that the technology company will earn $0.72 per share for the quarter, up from their prior forecast of $0.70. Desjardins also issued estimates for CGI Group’s FY2018 earnings at $3.28 EPS.
A number of other research analysts also recently issued reports on GIB. BidaskClub downgraded CGI Group from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded CGI Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Barclays PLC restated an “overweight” rating and set a $60.00 price target (up previously from $55.00) on shares of CGI Group in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.
Shares of CGI Group (GIB) opened at $53.25 on Monday. CGI Group has a 52 week low of $45.81 and a 52 week high of $53.85. The firm has a market capitalization of $15,724.46, a PE ratio of 19.50, a PEG ratio of 1.85 and a beta of 0.91. The company has a quick ratio of 0.78, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.
Several hedge funds have recently bought and sold shares of the business. BerganKDV Wealth Management LLC grew its holdings in shares of CGI Group by 1.5% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 15,973 shares of the technology company’s stock worth $816,000 after acquiring an additional 238 shares during the period. Lincoln National Corp boosted its position in shares of CGI Group by 3.4% in the 2nd quarter. Lincoln National Corp now owns 7,973 shares of the technology company’s stock worth $407,000 after purchasing an additional 263 shares in the last quarter. Advisor Group Inc. boosted its position in shares of CGI Group by 21.2% in the 2nd quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock worth $111,000 after purchasing an additional 380 shares in the last quarter. Regentatlantic Capital LLC boosted its position in shares of CGI Group by 1.0% in the 2nd quarter. Regentatlantic Capital LLC now owns 60,581 shares of the technology company’s stock worth $3,094,000 after purchasing an additional 575 shares in the last quarter. Finally, Knowledge Leaders Capital LLC boosted its position in shares of CGI Group by 0.8% in the 2nd quarter. Knowledge Leaders Capital LLC now owns 72,473 shares of the technology company’s stock worth $3,705,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 62.57% of the company’s stock.
CGI Group Company Profile
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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