CGI (TSE:GIB.A) Hits New 1-Year Low – Here’s Why

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$108.21 and last traded at C$108.21, with a volume of 382960 shares. The stock had previously closed at C$118.35.

Analyst Ratings Changes

A number of brokerages have issued reports on GIB.A. Desjardins set a C$157.00 price objective on shares of CGI and gave the company a “buy” rating in a report on Thursday, January 29th. TD Securities boosted their target price on CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Sanford C. Bernstein lifted their price objective on shares of CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. BMO Capital Markets lowered their price target on CGI from C$145.00 to C$137.00 in a research report on Thursday, January 29th. Finally, Scotiabank set a C$140.00 target price on CGI and gave the company a “sector perform” rating in a research report on Tuesday, January 27th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.67.

CGI Stock Performance

The stock’s fifty day moving average price is C$125.53 and its two-hundred day moving average price is C$127.11. The company has a market cap of C$23.34 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.24 and a beta of 0.23. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

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

CGI Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were issued a dividend of $0.17 per share. This is a boost from CGI’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. CGI’s payout ratio is presently 6.03%.

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.