CGI (TSE:GIB.A) Reaches New 1-Year Low – Should You Sell?

CGI Inc (TSE:GIB.A) (NYSE:GIB) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$84.55 and last traded at C$84.70, with a volume of 64700 shares. The stock had previously closed at C$86.70.

Wall Street Analysts Forecast Growth

GIB.A has been the topic of several analyst reports. Stifel Nicolaus decreased their price objective on CGI from C$160.00 to C$128.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Desjardins set a C$149.00 price objective on CGI and gave the stock a “buy” rating in a report on Wednesday, April 29th. TD Securities lifted their price objective on CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. TD decreased their price objective on CGI from C$153.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Sanford C. Bernstein decreased their price objective on shares of CGI from C$143.00 to C$141.00 in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, CGI presently has an average rating of “Moderate Buy” and an average price target of C$127.46.

CGI Stock Performance

The company has a market cap of C$17.52 billion, a PE ratio of 10.92, a P/E/G ratio of 2.24 and a beta of 0.08. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The business has a fifty day moving average of C$99.09 and a 200-day moving average of C$112.73.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share (EPS) for the quarter. The business had revenue of C$4.16 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. Equities research analysts anticipate that CGI Inc will post 8.3679245 earnings per share for the current fiscal year.

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 19th will be issued a $0.17 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.68 annualized dividend and a yield of 0.8%. CGI’s dividend payout ratio (DPR) is 6.14%.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.