CGI Inc (TSE:GIB.A) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$165.90.

A number of analysts have recently commented on GIB.A shares. Sanford C. Bernstein boosted their price objective on CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. Desjardins lowered their target price on CGI from C$169.00 to C$160.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. CIBC cut shares of CGI from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$146.00 to C$139.00 in a research report on Monday, December 15th. Raymond James Financial cut their price target on shares of CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. Finally, TD Securities lowered their price objective on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd.

CGI Stock Up 0.2%

GIB.A stock opened at C$128.36 on Monday. The firm’s 50-day moving average is C$123.96 and its two-hundred day moving average is C$130.65. The company has a market capitalization of C$27.76 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 2.24 and a beta of 0.22. CGI has a 52 week low of C$117.71 and a 52 week high of C$175.35. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$2.13 EPS for the quarter. The business had revenue of C$4.01 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. On average, analysts forecast that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 21st. This is a positive change from CGI’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.5%. CGI’s payout ratio is 8.16%.

About CGI

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.