CGI Group (NYSE:GIB) Earns News Impact Rating of 0.47
Media stories about CGI Group (NYSE:GIB) (TSE:GIB.A) have trended positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CGI Group earned a news impact score of 0.47 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- CGI welcomes Mike Pedersen to its Board of Directors – PR Newswire – PR Newswire (press release) (prnewswire.com)
- CGI Group, Inc. breached its 50 day moving average in a Bearish Manner : GIB-US : August 3, 2017 (finance.yahoo.com)
- CGI Group, Inc. (NYSE:GIB) Receives “Buy” Rating from Barclays PLC (americanbankingnews.com)
- CGI Group, Inc. (GIB) Releases Earnings Results, Misses Expectations By $0.01 EPS (americanbankingnews.com)
CGI Group (GIB) traded up 0.72% during trading on Thursday, hitting $51.47. The stock had a trading volume of 159,664 shares. The company’s 50 day moving average is $51.60 and its 200-day moving average is $48.95. The company has a market cap of $13.55 billion, a PE ratio of 19.26 and a beta of 0.93. CGI Group has a 12 month low of $45.73 and a 12 month high of $53.65.
CGI Group (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.01. CGI Group had a return on equity of 17.38% and a net margin of 10.31%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts predict that CGI Group will post $2.93 earnings per share for the current year.
Several research firms recently weighed in on GIB. Barclays PLC restated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of CGI Group in a research report on Thursday. Zacks Investment Research cut shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub raised CGI Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Beacon Securities reissued a “buy” rating on shares of CGI Group in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.00.
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CGI Group Company Profile
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
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