Analysts Set CGI Inc. (NYSE:GIB) Target Price at $153.25

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have been given an average rating of “Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $153.25.

Several equities analysts recently weighed in on GIB shares. StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Jefferies Financial Group reduced their price objective on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. UBS Group raised their target price on CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $178.00 price target on shares of CGI in a research note on Monday, January 6th.

CGI Stock Up 0.9 %

GIB opened at $113.36 on Wednesday. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $122.79. The firm has a market capitalization of $25.70 billion, a P/E ratio of 20.50, a PEG ratio of 2.58 and a beta of 0.94. The company’s 50-day moving average is $113.11 and its 200 day moving average is $112.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. Research analysts expect that CGI will post 5.79 earnings per share for the current fiscal year.

CGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be given a dividend of $0.1039 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.37%. CGI’s dividend payout ratio (DPR) is currently 7.41%.

Hedge Funds Weigh In On CGI

Institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of CGI during the 3rd quarter valued at $28,000. Sierra Ocean LLC purchased a new stake in CGI in the 4th quarter worth approximately $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in CGI in the fourth quarter valued at $83,000. Blue Trust Inc. boosted its stake in shares of CGI by 288.2% during the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after purchasing an additional 585 shares in the last quarter. Finally, Hoey Investments Inc. bought a new stake in CGI during the 4th quarter valued at approximately $99,000. 66.68% of the stock is currently owned by institutional investors.

About CGI

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.