CGI (GIB) to Release Earnings on Wednesday

CGI (NYSE:GIB) (TSE:GIB.A) is projected to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect CGI to post earnings of $1.41 per share and revenue of $2,704,700.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

CGI Trading Up 1.1 %

NYSE:GIB opened at $113.19 on Tuesday. The firm has a market capitalization of $25.80 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.40 and a beta of 0.95. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $110.55 and a 200 day moving average of $111.12. CGI has a 52 week low of $96.92 and a 52 week high of $118.89.

CGI Announces Dividend

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

Analysts Set New Price Targets

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

About CGI

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.