CGI Group (NYSE:GIB) Upgraded to “Strong-Buy” at TD Securities

CGI Group (NYSE:GIB) (TSE:GIB.A) was upgraded by equities research analysts at TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CGI Group in a report on Saturday, September 27th. Royal Bank Of Canada cut their target price on CGI Group from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, UBS Group reduced their price target on CGI Group from $112.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $148.25.

CGI Group Price Performance

Shares of NYSE GIB opened at $91.75 on Friday. The stock has a fifty day moving average price of $94.43 and a 200 day moving average price of $100.83. CGI Group has a 1-year low of $87.26 and a 1-year high of $122.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 0.94. The company has a market cap of $20.45 billion, a PE ratio of 16.96, a P/E/G ratio of 1.54 and a beta of 0.73.

CGI Group (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. CGI Group had a net margin of 11.01% and a return on equity of 18.53%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. CGI Group’s quarterly revenue was up 11.4% on a year-over-year basis. Sell-side analysts forecast that CGI Group will post 5.79 EPS for the current year.

Institutional Trading of CGI Group

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of CGI Group by 9,881.5% during the 1st quarter. GAMMA Investing LLC now owns 2,695 shares of the technology company’s stock worth $269,000 after buying an additional 2,668 shares during the last quarter. First Affirmative Financial Network raised its position in CGI Group by 3.8% during the first quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company’s stock worth $290,000 after acquiring an additional 106 shares during the last quarter. Park Avenue Securities LLC acquired a new position in CGI Group during the first quarter worth about $450,000. Farther Finance Advisors LLC lifted its holdings in shares of CGI Group by 8.6% in the first quarter. Farther Finance Advisors LLC now owns 9,342 shares of the technology company’s stock valued at $942,000 after purchasing an additional 739 shares in the last quarter. Finally, Moseley Investment Management Inc. acquired a new stake in shares of CGI Group in the first quarter valued at approximately $279,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Group 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.