CGI Group Inc (GIB) Given Average Recommendation of “Hold” by Analysts
Shares of CGI Group Inc (NYSE:GIB) (TSE:GIB.A) have earned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $60.33.
A number of research firms have issued reports on GIB. Zacks Investment Research downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Beacon Securities reiterated a “buy” rating on shares of CGI Group in a research report on Wednesday, May 3rd.
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Large investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock worth $106,000 after buying an additional 52 shares during the last quarter. World Asset Management Inc increased its position in CGI Group by 0.8% in the first quarter. World Asset Management Inc now owns 16,825 shares of the technology company’s stock worth $806,000 after buying an additional 134 shares in the last quarter. EULAV Asset Management increased its position in CGI Group by 2.1% in the first quarter. EULAV Asset Management now owns 29,500 shares of the technology company’s stock worth $1,414,000 after buying an additional 600 shares in the last quarter. Eqis Capital Management Inc. increased its position in CGI Group by 7.9% in the first quarter. Eqis Capital Management Inc. now owns 12,572 shares of the technology company’s stock worth $603,000 after buying an additional 921 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in CGI Group by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 72,115 shares of the technology company’s stock worth $3,450,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 72.68% of the company’s stock.
Shares of CGI Group (GIB) traded down 0.34% on Tuesday, reaching $50.28. The company’s stock had a trading volume of 15,616 shares. The stock has a 50-day moving average of $48.42 and a 200 day moving average of $47.96. CGI Group has a 1-year low of $40.88 and a 1-year high of $51.29. The stock has a market capitalization of $14.90 billion, a PE ratio of 19.21 and a beta of 0.87.
CGI Group (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.01. CGI Group had a return on equity of 17.25% and a net margin of 10.07%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the business posted $0.86 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts forecast that CGI Group will post $2.75 EPS for the current year.
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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