CGI Inc (TSE:GIB.A) Given Average Rating of “Moderate Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings 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 target among brokerages that have issued ratings on the stock in the last year is C$147.67.

A number of research firms have commented on GIB.A. TD Securities boosted their price objective on CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Royal Bank Of Canada reduced their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Sanford C. Bernstein increased their price objective on shares of CGI from C$137.00 to C$142.00 in a report on Thursday, November 6th. Scotiabank set a C$140.00 price objective on shares of CGI and gave the company a “sector perform” rating in a research report on Tuesday, January 27th. Finally, Desjardins set a C$157.00 target price on shares of CGI and gave the stock a “buy” rating in a research note on Thursday, January 29th.

CGI Price Performance

Shares of CGI stock opened at C$109.92 on Tuesday. The stock has a market capitalization of C$23.61 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 2.24 and a beta of 0.22. The firm’s 50-day moving average price is C$124.24 and its two-hundred day moving average price is C$126.18. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a 1-year low of C$106.00 and a 1-year high of C$174.58.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its earnings results on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. The business 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 analysts predict that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were given a $0.17 dividend. This is a boost from CGI’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 21st. This represents a $0.68 annualized dividend and a yield of 0.6%. CGI’s dividend payout ratio is presently 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.