CGI Inc [GIB] stock prices are up 1.78% to $95.66 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GIB shares have lost -0.95% over the last week, with a monthly amount drifted -4.53%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
CGI Inc [NYSE: GIB] stock has seen the most recent analyst activity on October 15, 2024, when CIBC upgraded its rating to a Sector Outperform. Previously, UBS started tracking the stock with Neutral rating on July 19, 2024, and set its price target to $112. On July 02, 2024, Jefferies initiated with a Buy rating and assigned a price target of $120 on the stock. CIBC downgraded its rating to a Neutral. TD Securities upgraded its rating to a Buy. Societe Generale downgraded its rating to Hold for this stock on November 14, 2022.
The stock price of CGI Inc [GIB] has been fluctuating between $92.85 and $122.79 over the past year. Currently, Wall Street analysts expect the stock to reach $100.82 within the next 12 months. CGI Inc [NYSE: GIB] shares were valued at $95.66 at the most recent close of the market. An investor can expect a potential return of 5.39% based on the average GIB price forecast.
Analyzing the GIB fundamentals
The CGI Inc [NYSE:GIB] reported sales of 11.15B for trailing twelve months, representing a surge of 10.13%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.17 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 93.91 points at the first support level, and at 92.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.69, and for the 2nd resistance point, it is at 97.73.
Ratios To Look Out For
It’s worth pointing out that CGI Inc [NYSE:GIB]’s Current Ratio is 1.27. On the other hand, the Quick Ratio is 1.27, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 2.82 and price to earnings (TTM) ratio is 17.70.
