CGI (TSE:GIB.A) Downgraded by TD to Hold

TD cut shares of CGI (TSE:GIB.A) (NYSE:GIB) from a buy rating to a hold rating in a research report report published on Thursday,BayStreet.CA reports. They currently have C$99.00 price target on the stock, down from their prior price target of C$102.00.

GIB.A has been the subject of several other reports. Desjardins reduced their price target on CGI from C$147.00 to C$117.00 and set a “buy” rating for the company in a research report on Tuesday. Canaccord Genuity Group lowered their price objective on CGI from C$150.00 to C$140.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Sanford C. Bernstein dropped their price objective on shares of CGI from C$143.00 to C$141.00 in a research note on Thursday, April 30th. Scotia cut their target price on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a report on Thursday, April 30th. Finally, Scotiabank decreased their target price on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, CGI currently has a consensus rating of “Moderate Buy” and an average price target of C$123.62.

CGI Price Performance

Shares of GIB.A opened at C$89.86 on Thursday. The business’s 50-day moving average is C$92.51 and its two-hundred day moving average is C$100.97. The company has a market capitalization of C$18.82 billion, a P/E ratio of 11.73, a P/E/G ratio of 2.24 and a beta of 0.13. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. CGI has a fifty-two week low of C$83.34 and a fifty-two week high of C$142.48.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share (EPS) for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The business had revenue of C$4.16 billion during the quarter. Research analysts predict that CGI will post 8.3679245 earnings per share for the current year.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 19th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.68 dividend on an annualized basis and a yield of 0.8%. CGI’s dividend payout ratio (DPR) is currently 6.14%.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.