CGI (NYSE:GIB) Posts Earnings Results

CGI (NYSE:GIB) (TSE:GIB.A) issued its quarterly earnings results on Wednesday. The technology company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41, Zacks reports. CGI had a return on equity of 19.74% and a net margin of 11.53%.

CGI Stock Down 0.1 %

GIB traded down $0.16 during mid-day trading on Wednesday, reaching $114.29. 79,964 shares of the stock were exchanged, compared to its average volume of 153,544. The company has a 50 day moving average price of $110.71 and a two-hundred day moving average price of $111.24. The stock has a market capitalization of $26.05 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36. CGI has a 1 year low of $96.92 and a 1 year high of $118.89.

CGI Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and raised their price target for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Jefferies Financial Group decreased their target price on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price target on shares of CGI in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $150.75.

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.