CGI (TSE:GIB.A) Hits New 1-Year Low – Should You Sell?

CGI Inc (TSE:GIB.A) (NYSE:GIB)’s stock price hit a new 52-week low on Wednesday . The company traded as low as C$84.55 and last traded at C$84.70, with a volume of 64700 shares. The stock had previously closed at C$86.70.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GIB.A shares. Sanford C. Bernstein lowered their price target on CGI from C$143.00 to C$141.00 in a report on Thursday, April 30th. BMO Capital Markets reduced their target price on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Desjardins set a C$149.00 price target on shares of CGI and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce cut their price target on shares of CGI from C$132.00 to C$112.00 in a report on Friday, April 17th. Finally, Scotia reduced their price objective on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$127.46.

CGI Price Performance

The company has a market capitalization of C$17.89 billion, a P/E ratio of 11.15, a PEG ratio of 2.24 and a beta of 0.08. The stock’s fifty day simple moving average is C$98.52 and its 200-day simple moving average is C$112.20. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 EPS for the quarter. The business had revenue of C$4.16 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. On average, equities analysts forecast that CGI Inc will post 8.3679245 earnings per share for the current fiscal year.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 19th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, May 15th. CGI’s dividend payout ratio (DPR) is currently 6.14%.

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.