CGI (GIB) to Release Earnings on Wednesday

CGI (NYSE:GIBGet Free Report) (TSE:GIB.A) is expected to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect CGI to post earnings of $1.41 per share and revenue of $2,704,700.00 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

CGI Trading Up 1.9 %

CGI stock opened at $110.56 on Wednesday. CGI has a one year low of $96.92 and a one year high of $118.89. The company’s fifty day moving average price is $110.41 and its two-hundred day moving average price is $110.85. The company has a market capitalization of $25.20 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02.

CGI Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were paid a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date was Wednesday, November 20th. CGI’s payout ratio is 8.55%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price target on shares of CGI in a research report on Monday, January 6th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and lifted their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group dropped their price objective on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, CGI currently has a consensus rating of “Buy” and an average target price of $150.75.

Read Our Latest Stock Report on GIB

CGI Company Profile

(Get Free Report)

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.

See Also

Earnings History for CGI (NYSE:GIB)

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