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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$147.67.

GIB.A has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price target on CGI from C$155.00 to C$150.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce lowered their target price on shares of CGI from C$139.00 to C$132.00 in a research note on Thursday, January 29th. Royal Bank Of Canada dropped their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. BMO Capital Markets decreased their price objective on shares of CGI from C$145.00 to C$137.00 in a report on Thursday, January 29th. Finally, TD Securities lifted their target price on shares of CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a report on Thursday, January 29th.

CGI Stock Up 0.6%

Shares of TSE GIB.A opened at C$103.41 on Friday. The company has a market capitalization of C$22.21 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.24 and a beta of 0.10. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company has a 50 day simple moving average of C$114.54 and a 200-day simple moving average of C$122.09. CGI has a 1 year low of C$95.84 and a 1 year high of C$152.63.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings data on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. The firm had revenue of C$4.08 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 predict that CGI will post 8.3679245 earnings per share for the current year.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 20th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. CGI’s payout ratio is presently 6.03%.

About CGI

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.