CGI Inc (TSE:GIB.A) Receives C$142.33 Average PT from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have issued a 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 C$127.46.

GIB.A has been the subject of several research reports. Desjardins set a C$149.00 price objective on shares of CGI and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada lowered shares of CGI from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$150.00 to C$100.00 in a research note on Thursday. Canaccord Genuity Group lowered their price target on shares of CGI from C$150.00 to C$140.00 and set a “buy” rating on the stock in a research note on Thursday. TD lowered their price target on shares of CGI from C$153.00 to C$102.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Raymond James Financial lowered their price target on shares of CGI from C$168.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Thursday.

CGI News Roundup

Here are the key news stories impacting CGI this week:

• Positive Sentiment: Desjardins initiated a C$149 price target and a “buy” rating — a bullish call that implies roughly 70% upside from the recent price. Read More.
• Positive Sentiment: Stifel Nicolaus reiterated its “buy” view on CGI, a supportive signal that some brokers remain constructive after the quarter. Read More.
• Neutral Sentiment: Sanford C. Bernstein trimmed its target modestly (C$143 ? C$141), leaving a large implied upside and suggesting limited change to its thesis. Read More.
• Neutral Sentiment: Canaccord lowered its target (C$150 ? C$140) but kept a “buy” rating, a downgrade in target size but not in conviction. Read More.
• Neutral Sentiment: CGI reported quarterly results (C$2.27 EPS; C$4.16B revenue). The numbers appear solid, but analysts’ target moves suggest concerns about outlook or valuation rather than one quarter’s results. Read More.
• Negative Sentiment: Raymond James cut its target substantially (C$168 ? C$130) though it kept an “outperform” stance — a notable pullback in expectations. Read More.
• Negative Sentiment: TD reduced its price target sharply (C$153 ? C$102) even while keeping a “buy” rating, a move that likely weighs on near?term sentiment. Read More.
• Negative Sentiment: Royal Bank of Canada downgraded CGI from “outperform” to “sector perform” and cut its target to C$100 (from C$150) — a clear negative signal. Read More. Read More.
• Negative Sentiment: Scotia trimmed its target (C$120 ? C$110) and moved to “sector perform,” another downgrade of expectations. Read More.

CGI Stock Down 1.0%

Shares of GIB.A stock opened at C$88.91 on Friday. The firm has a fifty day moving average of C$100.06 and a 200-day moving average of C$114.21. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a 12-month low of C$84.70 and a 12-month high of C$152.63. The company has a market capitalization of C$19.09 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.24 and a beta of 0.09.

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. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.16 billion during the quarter. As a group, equities research analysts predict that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, February 18th. CGI’s payout ratio is presently 6.03%.

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.