Media stories about CGI Group (NYSE:GIB) (TSE:GIB.A) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CGI Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.4045253394431 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research firms have issued reports on GIB. Barclays increased their price target on CGI Group from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Zacks Investment Research upgraded CGI Group from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Monday, February 5th. Scotiabank increased their price target on CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. ValuEngine upgraded CGI Group from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $85.00 price target (up from $75.00) on shares of CGI Group in a report on Thursday, November 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CGI Group has a consensus rating of “Buy” and a consensus target price of $71.00.
Shares of CGI Group (GIB) traded up $0.53 during trading hours on Friday, hitting $58.32. The stock had a trading volume of 168,196 shares, compared to its average volume of 297,533. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.70. CGI Group has a one year low of $45.81 and a one year high of $59.20. The firm has a market capitalization of $16,641.55, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.
CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. CGI Group had a return on equity of 17.54% and a net margin of 9.50%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. CGI Group’s revenue for the quarter was up 5.3% on a year-over-year basis. research analysts anticipate that CGI Group will post 3.36 EPS for the current year.
CGI Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 31st that permits the company to buyback 20,590,000 outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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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