CGI Inc (NYSE:GIB) (TSE:GIB.A) – National Bank Financial issued their Q1 2020 earnings estimates for CGI in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst R. Tse forecasts that the technology company will earn $0.92 per share for the quarter. National Bank Financial currently has a “Buy” rating on the stock. National Bank Financial also issued estimates for CGI’s FY2020 earnings at $3.91 EPS and FY2021 earnings at $4.24 EPS.
CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.29. CGI had a return on equity of 18.78% and a net margin of 10.32%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. CGI’s quarterly revenue was up 5.7% on a year-over-year basis.
Other research analysts have also issued research reports about the company. Societe Generale lowered CGI from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered CGI from a “buy” rating to a “sell” rating in a report on Wednesday. Desjardins raised CGI from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Raymond James set a $110.00 price objective on CGI and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Barclays assumed coverage on CGI in a report on Friday, September 20th. They set an “overweight” rating and a $90.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $95.17.
GIB stock traded up $0.68 on Friday, reaching $80.26. 175,214 shares of the company’s stock were exchanged, compared to its average volume of 160,287. The stock has a fifty day moving average of $78.05 and a 200-day moving average of $76.43. CGI has a twelve month low of $57.35 and a twelve month high of $80.59. The firm has a market cap of $20.93 billion, a PE ratio of 22.67, a P/E/G ratio of 2.15 and a beta of 0.53. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.35.
A number of institutional investors have recently bought and sold shares of GIB. Marshall Wace LLP acquired a new stake in CGI in the first quarter valued at $110,000. Amundi Pioneer Asset Management Inc. grew its holdings in CGI by 18.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 218,444 shares of the technology company’s stock valued at $15,020,000 after purchasing an additional 34,441 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in CGI in the second quarter valued at $28,000. Clark Capital Management Group Inc. grew its holdings in CGI by 2.5% in the second quarter. Clark Capital Management Group Inc. now owns 493,841 shares of the technology company’s stock valued at $38,053,000 after purchasing an additional 11,988 shares during the last quarter. Finally, NEXT Financial Group Inc acquired a new stake in CGI in the second quarter valued at $76,000. 55.56% of the stock is currently owned by institutional investors.
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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