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

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

A number of equities research analysts have weighed in on GIB shares. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and upped their price objective for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. UBS Group started coverage on shares of CGI in a research note on Friday, July 19th. They set a “neutral” rating and a $112.00 price objective for the company. StockNews.com downgraded CGI from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st.

CGI Stock Performance

Shares of GIB stock opened at $112.19 on Monday. The company’s fifty day moving average price is $113.95 and its 200-day moving average price is $107.81. The stock has a market cap of $25.57 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI has a 12 month low of $96.92 and a 12 month high of $118.89.

CGI Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.111 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a yield of 0.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after purchasing an additional 585 shares during the period. CWM LLC increased its holdings in CGI by 14.8% in the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after acquiring an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in CGI during the 3rd quarter worth approximately $208,000. Thrivent Financial for Lutherans purchased a new position in CGI during the third quarter valued at approximately $209,000. Finally, Atria Investments Inc bought a new position in shares of CGI in the third quarter worth approximately $218,000. 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.