With over 78779.0 CGI Inc. (GIB) shares trading Tuesday and a closing price of $87.76 on the day, the dollar volume was approximately $6.91 million. The shares have shown a positive half year performance of 4.17% and its price on 01/24/23 gained nearly 0.24%. Currently, there are 236.33M common shares owned by the public and among those 183.39M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for GIB have a consensus price objective of $96.45. The analysts have set the share’s price value over the next 12 months at a high of $106.53 and a low of $78.03. The average price target is 11.44% above its recent price level and a downside to the estimated low will see the stock lose -12.47% over that period. But an upside of 17.62% will see the stock hit the forecast high price target while median target price for the stock is $98.12.
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The top 3 mutual fund holders in CGI Inc. are Caisse de Dépôt & Placement du Qu, Vanguard Total International Stoc, and Mawer Global Equity Fund. Caisse de Dépôt & Placement du Qu owns 27.43 million shares of the company’s stock, all valued at over $2.36 billion. The company sold -3.96 million shares recently to bring their total holdings to about 12.95% of the shares outstanding. Vanguard Total International Stoc sold 13219.0 shares to see its total holdings shrink to 2.81 million shares valued at over $241.71 million and representing 1.33% of the shares outstanding. Mawer Global Equity Fund bought 0.77 million shares to bring its total holdings to over 2.54 million shares at a value of $218.52 million. Mawer Global Equity Fund now owns shares totaling to 1.20% of the shares outstanding.
Shares of CGI Inc. (NYSE: GIB) opened at $87.31, down -$0.24 from a prior closing price of $87.55. However, the script later moved the day high at 88.28, up 0.24%. The company’s stock has a 5-day price change of 0.93% and 13.08% over the past three months. GIB shares are trading 1.89% year to date (YTD), with the 12-month market performance up to 5.05% higher. It has a 12-month low price of $72.23 and touched a high of $89.11 over the same period. GIB has an average intraday trading volume of 128.74K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.96%, 2.31%, and 7.17% respectively.
Institutional ownership of CGI Inc. (NYSE: GIB) shares accounts for 70.00% of the company’s 236.33M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $18.34B and a beta (3y monthly) value of 0.94. The stock’s trailing 12-month PE ratio is 19.56, while the earnings-per-share (ttm) stands at $4.49. The company has a PEG of 2.54 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.87% over the week and 1.61% over the month.
Analysts forecast that CGI Inc. (GIB) will achieve an EPS of $1.14 for the current quarter, $1.17 for the next quarter and $4.91 for 2023. The lowest estimate earnings-per-share for the quarter is $1.11 while analysts give the company a high EPS estimate of $1.17. Comparatively, EPS for the current quarter was $1.11 a year ago. Earnings per share for the fiscal year are expected to increase by 11.60%, and 8.01% over the next financial year. EPS should shrink at an annualized rate of 7.71% over the next five years, compared to 12.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate CGI Inc. (GIB) as a “Strong Buy” at a consensus score of 1.90. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 2 of the 14 advise that investors “hold,” and 0 rated it as a “Sell.”
BofA Securities on their part issued Underperform rating on September 14, 2021.
