National Bank Financial Weighs in on CGI Group, Inc.’s FY2018 Earnings (GIB)

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Stock analysts at National Bank Financial decreased their FY2018 earnings estimates for shares of CGI Group in a research report issued to clients and investors on Wednesday. National Bank Financial analyst R. Tse now anticipates that the technology company will earn $3.14 per share for the year, down from their previous estimate of $3.18.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised CGI Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, October 4th. BidaskClub cut CGI Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Scotiabank upped their price target on CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $85.00 price target (up from $75.00) on shares of CGI Group in a research note on Thursday, November 9th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $60.00 price target (up 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 issued a buy rating to the company’s stock. CGI Group has an average rating of “Hold” and an average target price of $68.75.

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Shares of CGI Group (GIB) traded up $0.35 during trading on Monday, reaching $53.32. The company’s stock had a trading volume of 165,400 shares, compared to its average volume of 177,630. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $15,641.78, a PE ratio of 18.99, a P/E/G ratio of 1.86 and a beta of 0.91. CGI Group has a 1-year low of $45.81 and a 1-year high of $53.85.

A number of institutional investors have recently added to or reduced their stakes in GIB. Advisor Group Inc. boosted its holdings in CGI Group by 21.2% in the second quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock worth $111,000 after acquiring an additional 380 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in CGI Group in the second quarter worth $202,000. Letko Brosseau & Associates Inc. bought a new position in shares of CGI Group during the second quarter valued at $203,000. Marshall Wace North America L.P. bought a new position in shares of CGI Group during the second quarter valued at $214,000. Finally, Intercontinental Wealth Advisors LLC bought a new position in shares of CGI Group during the second quarter valued at $217,000. 60.16% of the stock is currently owned by institutional investors and hedge funds.

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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