CGI Inc. (NYSE:GIB) Given Consensus Recommendation of "Buy" by Brokerages

Shares of CGI Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A have earned a consensus rating of "Buy" from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $137.00.

Several research firms have issued reports on GIB. Sanford C. Bernstein raised CGI to a "strong-buy" rating in a research note on Thursday, August 1st. Cibc World Mkts raised CGI from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Jefferies Financial Group raised their target price on CGI from $120.00 to $121.00 and gave the stock a "buy" rating in a research note on Tuesday, July 16th. CIBC raised CGI from a "neutral" rating to an "outperformer" rating and lifted their price objective for the company from $155.00 to $178.00 in a research note on Tuesday. Finally, UBS Group assumed coverage on CGI in a research note on Friday, July 19th. They issued a "neutral" rating and a $112.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GIB. Wellington Management Group LLP grew its stake in CGI by 44.0% during the 4th quarter. Wellington Management Group LLP now owns 62,684 shares of the technology company's stock worth $6,748,000 after purchasing an additional 19,141 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in CGI during the 4th quarter worth $398,000. CWM LLC grew its stake in CGI by 19.1% during the 1st quarter. CWM LLC now owns 1,185 shares of the technology company's stock worth $131,000 after purchasing an additional 190 shares in the last quarter. Park Avenue Securities LLC grew its stake in CGI by 14.4% during the 1st quarter. Park Avenue Securities LLC now owns 5,461 shares of the technology company's stock worth $603,000 after purchasing an additional 687 shares in the last quarter. Finally, First Affirmative Financial Network grew its stake in CGI by 9.1% during the 1st quarter. First Affirmative Financial Network now owns 2,732 shares of the technology company's stock worth $302,000 after purchasing an additional 229 shares in the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Trading Up 0.9 %

GIB stock traded up $1.06 during midday trading on Thursday, hitting $115.77. 79,116 shares of the company's stock were exchanged, compared to its average volume of 149,834. The business has a 50-day simple moving average of $112.72 and a two-hundred day simple moving average of $106.84. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $26.72 billion, a PE ratio of 22.31, a P/E/G ratio of 2.45 and a beta of 0.95. CGI has a 1-year low of $93.07 and a 1-year high of $118.89.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its earnings results on Wednesday, July 31st. The technology company reported $1.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.40. The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.67 billion. CGI had a return on equity of 20.21% and a net margin of 11.51%. On average, sell-side analysts predict that CGI will post 5.55 EPS for the current fiscal year.

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.