CGI (TSE:GIB.A) Reaches New 1-Year Low – What’s Next?

CGI Inc (TSE:GIB.A) (NYSE:GIB) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$97.51 and last traded at C$97.66, with a volume of 655629 shares traded. The stock had previously closed at C$101.85.

Analyst Ratings Changes

Several analysts have recently weighed in on GIB.A shares. TD Securities boosted their price target on CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada cut 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 report on Monday, January 26th. Sanford C. Bernstein raised their target price on CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th. Raymond James Financial cut their target price on CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. Finally, Canadian Imperial Bank of Commerce decreased their price target on CGI from C$139.00 to C$132.00 in a research note on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$147.67.

CGI Stock Performance

The stock has a market capitalization of C$20.97 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 2.24 and a beta of 0.22. The company has a 50 day simple moving average of C$119.55 and a 200-day simple moving average of C$123.91. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

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

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 20th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $0.68 annualized dividend and a yield of 0.7%. CGI’s dividend payout ratio is presently 6.03%.

About CGI

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.