CGI Inc. (NYSE:GIB) Receives $137.00 Average PT from Brokerages

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have been given an average recommendation of “Buy” by the five analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $137.00.

Several research analysts recently issued reports on GIB shares. UBS Group began coverage on CGI in a research note on Friday, July 19th. They issued a “neutral” rating and a $112.00 price objective on the stock. Jefferies Financial Group increased their price target on CGI from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Sanford C. Bernstein upgraded CGI to a “strong-buy” rating in a report on Thursday, August 1st. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and boosted their price target for the company from $155.00 to $178.00 in a report on Tuesday, October 15th.

CGI Stock Up 0.4 %

NYSE:GIB opened at $116.25 on Thursday. The stock has a fifty day simple moving average of $112.91 and a 200-day simple moving average of $106.87. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a market cap of $26.83 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.45 and a beta of 0.95. CGI has a twelve month low of $93.07 and a twelve month high of $118.89.

CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.40. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.67 billion. CGI had a net margin of 11.51% and a return on equity of 20.21%. Analysts anticipate that CGI will post 5.55 EPS for the current year.

Hedge Funds Weigh In On CGI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of CGI in the 1st quarter valued at about $30,000. Blue Trust Inc. boosted its stake in CGI by 288.2% in the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after acquiring an additional 585 shares in the last quarter. CWM LLC grew its holdings in CGI by 19.1% in the first quarter. CWM LLC now owns 1,185 shares of the technology company’s stock worth $131,000 after purchasing an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in CGI by 9.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after purchasing an additional 173 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management acquired a new position in shares of CGI during the third quarter worth $208,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.