Analysts Set Expectations for CGI Group, Inc.’s Q4 2017 Earnings (GIB)

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Stock analysts at Desjardins raised their Q4 2017 EPS estimates for shares of CGI Group in a research note issued to investors on Wednesday, Zacks Investment Research reports. Desjardins analyst M. Yaghi now anticipates that the technology company will earn $0.72 per share for the quarter, up from their prior estimate of $0.70. Desjardins also issued estimates for CGI Group’s FY2018 earnings at $3.28 EPS.

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GIB has been the subject of a number of other reports. Zacks Investment Research lowered shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Barclays PLC restated an “overweight” rating and issued a $60.00 price objective (up from $55.00) on shares of CGI Group in a research report on Wednesday, August 9th. 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 research report on Thursday, November 9th. BidaskClub downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Scotiabank lifted their target price on shares of CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $68.75.

Shares of CGI Group (NYSE GIB) traded up $0.35 during trading hours on Monday, reaching $53.32. 165,400 shares of the company’s stock were exchanged, compared to its average volume of 177,630. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.72. CGI Group has a 12-month low of $45.81 and a 12-month high of $53.85. The company has a market capitalization of $15,641.78, a price-to-earnings ratio of 18.99, a PEG ratio of 1.86 and a beta of 0.91.

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

CGI Group Company Profile

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.

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

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