CGI Inc. (NYSE:GIB) Receives Average Rating of "Buy" from Analysts

CGI Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A has been given a consensus rating of "Buy" by the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $137.00.

Several analysts have recently issued reports on GIB shares. StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a research report on Friday, November 15th. CIBC raised shares of CGI from a "neutral" rating to an "outperformer" rating and raised their price target for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, Cibc World Mkts raised shares of CGI from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th.

Institutional Investors Weigh In On CGI

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of CGI during the third quarter worth $28,000. Blue Trust Inc. grew its position in CGI by 288.2% in the third quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock worth $91,000 after acquiring an additional 585 shares in the last quarter. CWM LLC lifted its stake in shares of CGI by 14.8% in the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company's stock valued at $157,000 after purchasing an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in CGI by 9.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company's stock worth $205,000 after purchasing an additional 173 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management acquired a new position in CGI during the third quarter worth $208,000. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Price Performance

Shares of NYSE:GIB traded up $0.02 during midday trading on Tuesday, hitting $109.32. 104,016 shares of the stock were exchanged, compared to its average volume of 151,079. CGI has a twelve month low of $96.92 and a twelve month high of $118.89. The stock has a market cap of $24.92 billion, a P/E ratio of 20.32, a PEG ratio of 2.60 and a beta of 0.94. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $111.54 and a 200-day moving average price of $110.02.

CGI Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were issued a $0.111 dividend. The ex-dividend date was Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI's dividend payout ratio is 8.18%.

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.