CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Equities research analysts at National Bank Financial reduced their FY2018 earnings per share estimates for CGI Group in a report issued on Wednesday. National Bank Financial analyst R. Tse now anticipates that the technology company will post earnings of $3.14 per share for the year, down from their prior estimate of $3.18.

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Several other equities research analysts also recently commented on the company. Scotiabank raised their target price on CGI Group from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 target price (up from $75.00) on shares of CGI Group in a report on Thursday. Zacks Investment Research downgraded CGI Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. BidaskClub lowered CGI Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Barclays PLC restated an “overweight” rating and set a $60.00 price objective (up previously from $55.00) on shares of CGI Group in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. CGI Group currently has a consensus rating of “Hold” and an average target price of $68.75.

Shares of CGI Group (GIB) opened at $53.35 on Monday. The company has a market capitalization of $15,753.99, a PE ratio of 19.12, a P/E/G ratio of 1.87 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.29. CGI Group has a twelve month low of $45.81 and a twelve month high of $53.85.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in CGI Group by 6.9% during the 2nd quarter. FMR LLC now owns 21,735,317 shares of the technology company’s stock valued at $1,110,566,000 after purchasing an additional 1,400,049 shares in the last quarter. Jarislowsky Fraser Ltd grew its stake in CGI Group by 19.8% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 8,278,011 shares of the technology company’s stock valued at $428,249,000 after purchasing an additional 1,366,578 shares in the last quarter. Vanguard Group Inc. grew its stake in CGI Group by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,605,314 shares of the technology company’s stock valued at $289,794,000 after purchasing an additional 306,352 shares in the last quarter. TD Asset Management Inc. grew its stake in CGI Group by 19.5% during the 3rd quarter. TD Asset Management Inc. now owns 3,196,280 shares of the technology company’s stock valued at $165,217,000 after purchasing an additional 520,675 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in CGI Group by 13.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,857,687 shares of the technology company’s stock valued at $147,850,000 after purchasing an additional 333,856 shares in the last quarter. Hedge funds and other institutional investors own 60.16% of the company’s stock.

About CGI Group

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.

Earnings History and Estimates for CGI Group (NYSE:GIB)

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