News stories about CGI Group (NYSE:GIB) (TSE:GIB.A) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CGI Group earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.4045253394431 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
CGI Group (NYSE:GIB) traded down $0.14 during trading on Friday, reaching $58.86. The company had a trading volume of 242,374 shares, compared to its average volume of 261,180. The stock has a market cap of $15,020.00, a PE ratio of 21.10, a PEG ratio of 1.95 and a beta of 0.77. CGI Group has a 1 year low of $45.81 and a 1 year high of $59.20. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24.
CGI Group (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.78 billion. CGI Group had a return on equity of 17.54% and a net margin of 9.50%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. equities research analysts predict that CGI Group will post 3.36 EPS for the current fiscal year.
CGI Group announced that its board has approved a stock repurchase plan on Wednesday, January 31st that allows the company to repurchase 20,590,000 shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
GIB has been the subject of a number of recent research reports. Zacks Investment Research cut CGI Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price objective (up previously from $75.00) on shares of CGI Group in a research report on Thursday, November 9th. Scotiabank lifted their price objective on CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. ValuEngine upgraded CGI Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Barclays lifted their price objective on CGI Group from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $71.00.
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About CGI Group
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
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