CGI Group (GIB) Given Coverage Optimism Score of 0.08

Headlines about CGI Group (NYSE:GIB) (TSE:GIB.A) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CGI Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 47.803189373375 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Shares of CGI Group (NYSE:GIB) traded up $0.39 during trading on Friday, reaching $55.09. The company had a trading volume of 485,800 shares, compared to its average volume of 235,120. The stock has a market cap of $14,030.00, a P/E ratio of 19.75, a P/E/G ratio of 1.82 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 0.99. CGI Group has a 1 year low of $45.81 and a 1 year high of $58.93.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.78 billion. CGI Group had a return on equity of 17.54% and a net margin of 9.50%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. research analysts forecast that CGI Group will post 3.36 earnings per share for the current year.

CGI Group announced that its board has initiated a share buyback plan on Wednesday, January 31st that allows the company to repurchase 20,590,000 outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Several research analysts recently weighed in on the company. Zacks Investment Research raised CGI Group from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Monday, February 5th. Barclays raised their target price on CGI Group from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. ValuEngine raised CGI Group from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Scotiabank upped their target price on CGI Group from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 target price (up from $75.00) on shares of CGI Group in a report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $71.00.

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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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