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

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

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

CGI Price Performance

TSE:GIB.A opened at C$128.05 on Monday. CGI has a 52-week low of C$117.71 and a 52-week high of C$175.35. The stock has a fifty day moving average of C$123.46 and a 200 day moving average of C$131.09. 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 firm has a market capitalization of C$27.81 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.24 and a beta of 0.22.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$2.13 earnings per share 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, research analysts expect that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors 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 represents a $0.68 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from CGI’s previous quarterly dividend of $0.15. CGI’s payout ratio 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.