CGI (TSE:GIB.A) Hits New 1-Year Low – Should You Sell?

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) reached a new 52-week low during trading on Tuesday . The company traded as low as C$97.51 and last traded at C$97.66, with a volume of 655629 shares traded. The stock had previously closed at C$101.85.

Analyst Ratings Changes

A number of research analysts recently commented on GIB.A shares. Raymond James Financial decreased their price target on shares of CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th. Canadian Imperial Bank of Commerce dropped their target price on CGI from C$139.00 to C$132.00 in a report on Thursday, January 29th. Sanford C. Bernstein upped their price target on shares of CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. TD Securities raised their price target on shares of CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Canaccord Genuity Group cut their price objective on shares of CGI from C$155.00 to C$150.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CGI presently has an average rating of “Moderate Buy” and a consensus price target of C$147.67.

CGI Price Performance

The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company has a market cap of C$20.97 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.24 and a beta of 0.22. The business has a fifty day moving average price of C$119.55 and a 200 day moving average price of C$123.91.

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

CGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 20th will be given a $0.17 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. CGI’s dividend payout ratio (DPR) is currently 6.03%.

About CGI

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.