CGI (NYSE:GIB) (TSE:GIB.A)‘s stock had its “hold” rating reiterated by analysts at CIBC in a research note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $106.00 price target on the technology company’s stock. CIBC’s price objective would indicate a potential upside of 33.43% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of CGI from a “buy” rating to a “sell” rating in a research note on Wednesday. Societe Generale downgraded shares of CGI from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Raymond James set a $110.00 target price on shares of CGI and gave the stock a “buy” rating in a research note on Monday, October 21st. National Bank Financial reiterated a “buy” rating on shares of CGI in a research note on Wednesday, July 31st. Finally, Barclays assumed coverage on shares of CGI in a research note on Friday, September 20th. They issued an “overweight” rating and a $90.00 target price 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $95.17.
NYSE:GIB opened at $79.44 on Thursday. CGI has a one year low of $57.35 and a one year high of $80.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.09 and a quick ratio of 0.75. The company’s 50-day simple moving average is $78.01 and its 200 day simple moving average is $76.39. The firm has a market capitalization of $21.00 billion, a P/E ratio of 24.75, a PEG ratio of 2.15 and a beta of 0.53.
CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.92 by $0.29. CGI had a net margin of 10.32% and a return on equity of 18.78%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. CGI’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that CGI will post 3.58 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of GIB. Zions Bancorporation N.A. bought a new position in CGI during the second quarter valued at approximately $28,000. CWM LLC lifted its position in CGI by 182.3% during the third quarter. CWM LLC now owns 367 shares of the technology company’s stock valued at $29,000 after purchasing an additional 237 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in CGI by 30.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 560 shares of the technology company’s stock valued at $43,000 after purchasing an additional 130 shares during the period. Parallel Advisors LLC lifted its position in CGI by 100.0% during the third quarter. Parallel Advisors LLC now owns 866 shares of the technology company’s stock valued at $69,000 after purchasing an additional 433 shares during the period. Finally, NEXT Financial Group Inc bought a new position in CGI during the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 55.56% of the company’s stock.
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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