CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of “Moderate Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$165.90.

A number of brokerages have recently issued reports on GIB.A. CIBC cut shares of CGI from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$146.00 to C$139.00 in a research note on Monday, December 15th. Desjardins lowered their target price on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Sanford C. Bernstein lifted their price objective on CGI from C$137.00 to C$142.00 in a report on Thursday, November 6th. Raymond James Financial lowered their price objective on CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th. Finally, TD Securities dropped their target price on CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a report on Friday, October 3rd.

CGI Stock Down 1.9%

Shares of GIB.A opened at C$128.85 on Friday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company has a 50-day simple moving average of C$125.73 and a 200-day simple moving average of C$128.95. CGI has a 52 week low of C$117.71 and a 52 week high of C$175.35. The firm has a market capitalization of C$27.87 billion, a P/E ratio of 17.53, a P/E/G ratio of 2.24 and a beta of 0.23.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$2.13 earnings per share (EPS) for the quarter. The firm had revenue of C$4.01 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. On average, equities research analysts expect that CGI will post 8.3679245 earnings per share for the current year.

CGI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 21st. This is a boost from CGI’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.5%. CGI’s dividend payout ratio (DPR) is 8.16%.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.