CGI (TSE:GIB.A) Price Target Lowered to C$149.00 at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) had its target price reduced by Desjardins from C$157.00 to C$149.00 in a research note released on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on GIB.A. Canaccord Genuity Group dropped their price objective on shares of CGI from C$155.00 to C$150.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. BMO Capital Markets dropped their price objective on shares of CGI from C$145.00 to C$137.00 in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce dropped their price objective on shares of CGI from C$132.00 to C$112.00 in a report on Friday, April 17th. Scotiabank set a C$140.00 price objective on shares of CGI and gave the stock a “sector perform” rating in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada dropped their price objective on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$144.56.

CGI Stock Performance

GIB.A opened at C$105.11 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a market cap of C$22.57 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 2.24 and a beta of 0.09. The company’s 50 day moving average is C$100.60 and its 200 day moving average is C$115.46. CGI has a 12-month low of C$95.84 and a 12-month high of C$152.63.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. The company had revenue of C$4.08 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. On average, equities research analysts predict that CGI will post 8.3679245 EPS for the current year.

CGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.68 annualized dividend and a yield of 0.6%. CGI’s payout ratio is currently 6.03%.

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.