CGI (NYSE:GIB) Upgraded to Buy by StockNews.com

CGI (NYSE:GIBGet Rating) (TSE:GIB.A) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other equities analysts have also issued reports on the company. Scotiabank lifted their price target on CGI from C$130.00 to C$135.00 in a research note on Thursday, November 10th. TD Securities lifted their price target on CGI from C$135.00 to C$145.00 in a research note on Thursday, December 22nd. Raymond James lifted their price target on CGI from C$130.00 to C$134.00 in a research note on Thursday, November 10th. Desjardins lifted their price target on CGI from C$126.00 to C$130.00 in a research note on Thursday, November 10th. Finally, Societe Generale lowered CGI from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. They noted that the move was a valuation call.

CGI Price Performance

CGI stock traded up $0.21 during mid-day trading on Tuesday, reaching $87.76. 78,779 shares of the company were exchanged, compared to its average volume of 100,125. The company has a fifty day simple moving average of $86.04 and a 200-day simple moving average of $82.55. CGI has a 12 month low of $72.23 and a 12 month high of $89.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.19 and a quick ratio of 0.87. The firm has a market cap of $20.87 billion, a PE ratio of 18.55, a PEG ratio of 1.88 and a beta of 0.93.

CGI (NYSE:GIBGet Rating) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, November 9th. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. CGI had a return on equity of 21.14% and a net margin of 11.40%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.78 billion. As a group, equities research analysts expect that CGI will post 4.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CGI

Several hedge funds have recently modified their holdings of GIB. American Century Companies Inc. boosted its holdings in shares of CGI by 23.0% during the 1st quarter. American Century Companies Inc. now owns 15,630 shares of the technology company’s stock valued at $1,245,000 after acquiring an additional 2,921 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in shares of CGI during the 1st quarter valued at $1,522,000. BlackRock Inc. boosted its holdings in shares of CGI by 5.4% during the 1st quarter. BlackRock Inc. now owns 262,287 shares of the technology company’s stock valued at $20,939,000 after acquiring an additional 13,426 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CGI by 10.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 343,162 shares of the technology company’s stock valued at $27,395,000 after acquiring an additional 32,280 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of CGI by 46.9% during the 1st quarter. Vontobel Holding Ltd. now owns 12,535 shares of the technology company’s stock valued at $1,014,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 48.54% of the company’s stock.

About CGI

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.

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