CGI Group Inc. (NYSE:GIB) – Analysts at National Bank Financial issued their FY2016 EPS estimates for CGI Group in a note issued to investors on Monday. National Bank Financial analyst K. Thompson anticipates that the firm will post earnings of $2.64 per share for the year. National Bank Financial currently has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for CGI Group’s Q4 2016 earnings at $0.68 EPS and FY2017 earnings at $2.87 EPS.
A number of other brokerages have also issued reports on GIB. Jefferies Group increased their price target on CGI Group from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Monday, August 1st. Zacks Investment Research upgraded CGI Group from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Canaccord Genuity reiterated a “buy” rating on shares of CGI Group in a research note on Monday, August 15th. Macquarie started coverage on CGI Group in a research note on Tuesday. They issued a “neutral” rating and a $50.00 price target for the company. Finally, Barclays PLC increased their price target on CGI Group from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. CGI Group has an average rating of “Buy” and a consensus target price of $49.33.
CGI Group (NYSE:GIB) traded down 1.01% on Thursday, hitting $47.82. The stock had a trading volume of 88,269 shares. The company’s 50 day moving average price is $48.39 and its 200 day moving average price is $46.61. CGI Group has a 52-week low of $35.38 and a 52-week high of $50.58. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 19.37 and a beta of 0.93.
CGI Group (NYSE:GIB) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.67 billion. CGI Group had a return on equity of 17.06% and a net margin of 9.61%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invictus RG acquired a new position in shares of CGI Group during the first quarter worth approximately $125,000. HBK Investments L P increased its position in shares of CGI Group by 29.1% in the first quarter. HBK Investments L P now owns 30,070 shares of the company’s stock worth $1,437,000 after buying an additional 6,770 shares during the last quarter. Sentry Investments Corp. acquired a new position in shares of CGI Group during the first quarter worth approximately $869,000. Quadrature Capital Ltd acquired a new position in shares of CGI Group during the first quarter worth approximately $1,357,000. Finally, BB&T Securities LLC increased its position in shares of CGI Group by 39.6% in the first quarter. BB&T Securities LLC now owns 16,224 shares of the company’s stock worth $775,000 after buying an additional 4,601 shares during the last quarter. 71.70% of the stock is owned by hedge funds and other institutional investors.
CGI Group Company Profile
CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. The Company’s delivery model provides for work to be carried out onsite at client premises, or through its centers located globally. In addition, CGI has a range of business solutions, which helps its clients and shareholders.
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