Media coverage about CGI Group (NYSE:GIB) (TSE:GIB.A) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CGI Group earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.1687208779358 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
A number of equities analysts have commented on GIB shares. Zacks Investment Research downgraded CGI Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine upgraded CGI Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Barclays lifted 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. CGI Group currently has an average rating of “Buy” and an average target price of $71.00.
Shares of GIB traded up $0.79 during mid-day trading on Tuesday, reaching $58.77. 153,486 shares of the company’s stock traded hands, compared to its average volume of 237,976. The stock has a market cap of $16,615.64, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.91 and a beta of 0.73. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24. CGI Group has a 12 month low of $46.40 and a 12 month high of $59.89.
CGI Group (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.78. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. analysts forecast that CGI Group will post 3.35 EPS for the current year.
CGI Group announced that its board has authorized a share buyback plan on Wednesday, January 31st that allows the company to buyback 20,590,000 outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
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About CGI Group
CGI Group Inc provides information technology and business process services in Canada and internationally. It offers application development and maintenance, portfolio management, quality assurance and testing, modernization, and migration services; agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services; business-to-business and customer operations support, purchase management, revenue management, and supplier payment services; and data center facilities and management, technical service desk, printing and document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file sync and share as a service, as well as infrastructure solutions and consulting services.
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