Wall Street analysts predict that CGI Group Inc (NYSE:GIB) (TSE:GIB.A) will report $2.17 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for CGI Group’s earnings, with the highest sales estimate coming in at $2.22 billion and the lowest estimate coming in at $2.13 billion. CGI Group posted sales of $2.00 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that CGI Group will report full year sales of $2.17 billion for the current financial year, with estimates ranging from $8.81 billion to $9.03 billion. For the next year, analysts expect that the company will post sales of $9.20 billion per share, with estimates ranging from $9.11 billion to $9.33 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover CGI Group.

Several brokerages recently commented on GIB. Zacks Investment Research cut CGI Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 price target (up from $75.00) on shares of CGI Group in a research report on Thursday, November 9th. BidaskClub cut CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Scotiabank boosted their price target on CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Finally, Barclays reissued an “overweight” rating and set a $60.00 price objective (up previously from $55.00) on shares of CGI Group in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $68.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GIB. Shell Asset Management Co. boosted its stake in CGI Group by 4.3% during the second quarter. Shell Asset Management Co. now owns 24,477 shares of the technology company’s stock worth $1,622,000 after buying an additional 1,000 shares during the last quarter. Korea Investment CORP boosted its stake in CGI Group by 55.6% during the second quarter. Korea Investment CORP now owns 98,844 shares of the technology company’s stock worth $5,043,000 after buying an additional 35,324 shares during the last quarter. TD Asset Management Inc. boosted its stake in CGI Group by 5.6% during the second quarter. TD Asset Management Inc. now owns 2,675,605 shares of the technology company’s stock worth $136,408,000 after buying an additional 141,003 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of CGI Group by 14.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 101,632 shares of the technology company’s stock valued at $5,191,000 after purchasing an additional 12,790 shares during the last quarter. Finally, Cumberland Partners Ltd lifted its stake in shares of CGI Group by 97.3% in the 2nd quarter. Cumberland Partners Ltd now owns 367,720 shares of the technology company’s stock valued at $18,767,000 after purchasing an additional 181,355 shares during the last quarter. 57.46% of the stock is currently owned by institutional investors.

Shares of CGI Group (GIB) opened at $53.07 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.72 and a current ratio of 1.06. CGI Group has a 12-month low of $45.81 and a 12-month high of $54.42. The company has a market capitalization of $15,588.62, a P/E ratio of 18.92, a P/E/G ratio of 1.87 and a beta of 0.87.

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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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Earnings History and Estimates for CGI Group (NYSE:GIB)

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