CGI (NYSE:GIB) Price Target Raised to $122.00

CGI (NYSE:GIB) (TSE:GIB.A) had its target price upped by research analysts at UBS Group from $118.00 to $122.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group’s price target points to a potential upside of 3.02% from the stock’s current price.

A number of other equities research analysts also recently weighed in on GIB. Jefferies Financial Group lowered their target price on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and lifted their price objective for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $178.00 target price on shares of CGI in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $153.25.

CGI Trading Up 0.5 %

GIB stock traded up $0.60 during trading on Monday, hitting $118.42. The company had a trading volume of 89,221 shares, compared to its average volume of 187,434. The stock has a market cap of $26.85 billion, a PE ratio of 21.36, a PEG ratio of 2.59 and a beta of 0.94. The business has a 50-day moving average of $111.08 and a 200-day moving average of $111.47. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI has a one year low of $96.92 and a one year high of $121.55.

CGI (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. Research analysts predict that CGI will post 5.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of CGI in the 2nd quarter worth approximately $2,907,000. CWM LLC boosted its position in CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after purchasing an additional 176 shares during the last quarter. Creative Planning grew its stake in CGI by 16.1% in the 3rd quarter. Creative Planning now owns 25,179 shares of the technology company’s stock valued at $2,895,000 after purchasing an additional 3,490 shares during the period. Walter Public Investments Inc. raised its stake in shares of CGI by 10.5% during the 3rd quarter. Walter Public Investments Inc. now owns 227,796 shares of the technology company’s stock worth $26,194,000 after purchasing an additional 21,582 shares during the period. Finally, Net Worth Advisory Group purchased a new position in shares of CGI in the 3rd quarter worth about $467,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

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.