CGI (NYSE:GIB) Issues Earnings Results

CGI (NYSE:GIB) (TSE:GIB.A) issued its earnings results on Wednesday. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41, Zacks reports. CGI had a net margin of 11.53% and a return on equity of 19.74%.

CGI Price Performance

NYSE GIB traded down $0.16 on Wednesday, hitting $114.29. 79,964 shares of the company’s stock were exchanged, compared to its average volume of 153,544. The stock has a 50-day moving average of $110.71 and a 200-day moving average of $111.24. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 2.40 and a beta of 0.95. CGI has a 52 week low of $96.92 and a 52 week high of $118.89. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29.

CGI Announces Dividend

The company also recently declared a — dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were given a dividend of $0.111 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI’s dividend payout ratio is 8.55%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GIB. Jefferies Financial Group decreased their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and lifted their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price objective on shares of CGI in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $150.75.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.