CGI Inc (NYSE:GIB) (TSE:GIB.A) – National Bank Financial issued their Q1 2020 earnings estimates for CGI in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst R. Tse expects that the technology company will earn $0.92 per share for the quarter. National Bank Financial has a “Buy” rating on the stock. National Bank Financial also issued estimates for CGI’s FY2020 earnings at $3.91 EPS and FY2021 earnings at $4.24 EPS.
Several other research analysts have also recently issued reports on GIB. ValuEngine cut CGI from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research raised CGI from a “sell” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Friday. Desjardins raised CGI from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Raymond James set a $110.00 target price on CGI and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Barclays assumed coverage on CGI in a research report on Friday, September 20th. They issued an “overweight” rating and a $90.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. CGI has an average rating of “Buy” and an average price target of $95.60.
CGI stock opened at $80.26 on Friday. The stock has a market capitalization of $20.93 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.15 and a beta of 0.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.09 and a quick ratio of 0.75. The business’s fifty day moving average is $78.06 and its 200 day moving average is $76.48. CGI has a one year low of $57.35 and a one year high of $80.59.
CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.92 by $0.29. CGI had a return on equity of 18.78% and a net margin of 10.32%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm posted $1.09 earnings per share. CGI’s revenue was up 5.7% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in the business. Trillium Asset Management LLC purchased a new position in CGI in the third quarter worth about $248,000. Massachusetts Financial Services Co. MA boosted its position in CGI by 6.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,875,972 shares of the technology company’s stock worth $148,466,000 after purchasing an additional 114,164 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in CGI by 4,841.3% in the third quarter. Tower Research Capital LLC TRC now owns 21,297 shares of the technology company’s stock worth $1,686,000 after purchasing an additional 20,866 shares during the last quarter. Parallel Advisors LLC boosted its position in CGI by 100.0% in the third quarter. Parallel Advisors LLC now owns 866 shares of the technology company’s stock worth $69,000 after purchasing an additional 433 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in CGI by 3.8% in the third quarter. First Mercantile Trust Co. now owns 3,580 shares of the technology company’s stock worth $283,000 after purchasing an additional 130 shares during the last quarter. 55.56% of the stock is currently owned by institutional investors and hedge funds.
CGI Company Profile
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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