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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$126.31.

Several analysts recently weighed in on the company. TD decreased their price target on CGI from C$153.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Desjardins set a C$149.00 price target on CGI and gave the company a “buy” rating in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce decreased their price target on CGI from C$132.00 to C$112.00 in a report on Friday, April 17th. Stifel Nicolaus decreased their price target on CGI from C$160.00 to C$128.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada lowered CGI from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$150.00 to C$100.00 in a report on Thursday, April 30th.

CGI Price Performance

Shares of GIB.A opened at C$93.20 on Monday. The stock has a market capitalization of C$19.52 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09. CGI has a 1 year low of C$83.34 and a 1 year high of C$150.00. The business’s 50 day simple moving average is C$95.40 and its 200-day simple moving average is C$107.88. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The company had revenue of C$4.16 billion for the quarter. As a group, equities analysts expect that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 19th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, May 15th. CGI’s dividend payout ratio is presently 6.14%.

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.