CGI (TSE:GIB.A) Sets New 1-Year Low – Here’s Why

CGI Inc (TSE:GIB.A) (NYSE:GIB) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$108.21 and last traded at C$108.21, with a volume of 382960 shares traded. The stock had previously closed at C$118.35.

Wall Street Analysts Forecast Growth

Several research firms have commented on GIB.A. Royal Bank Of Canada decreased their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Canaccord Genuity Group reduced their target price on shares of CGI from C$155.00 to C$150.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Raymond James Financial decreased their target price on shares of CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th. CIBC lowered their price target on shares of CGI from C$139.00 to C$132.00 in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein upped their price target on shares of CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$147.67.

CGI Trading Up 0.1%

The stock has a market cap of C$24.30 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.24 and a beta of 0.22. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The stock’s fifty day moving average is C$124.74 and its 200 day moving average is C$126.72.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. The business had revenue of C$4.08 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. As a group, equities research analysts predict that CGI Inc will post 8.3679245 earnings per share for the current fiscal year.

CGI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 21st. This is a positive change from CGI’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.6%. CGI’s payout ratio is presently 6.03%.

CGI Company Profile

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.