CGI (NYSE:GIB) Issues Earnings Results

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

CGI Stock Performance

Shares of GIB stock traded up $5.13 during trading hours on Thursday, reaching $119.67. 61,861 shares of the company’s stock were exchanged, compared to its average volume of 162,184. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $119.76. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $27.27 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.40 and a beta of 0.95. The business has a fifty day moving average price of $110.81 and a 200-day moving average price of $111.27.

CGI Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were issued a $0.111 dividend. This represents a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, November 20th. CGI’s dividend payout ratio (DPR) is currently 8.55%.

Analyst Upgrades and Downgrades

GIB has been the subject of several analyst reports. Jefferies Financial Group reduced their price objective on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and issued a $178.00 target price on shares of CGI in a report on Monday, January 6th. Finally, CIBC raised CGI from a “neutral” rating to an “outperformer” rating and upped their target price for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. Two investment 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. Based on data from MarketBeat, CGI currently has an average rating of “Buy” and an average target price 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.