CGI Inc (NYSE: GIB) is -1.85% lower on its value in year-to-date trading and has touched a low of $92.85 and a high of $122.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GIB stock was last observed hovering at around $107.85 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $107.30, the stock is -0.43% and 1.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing -0.51% at the moment leaves the stock -2.31% off its SMA200. GIB registered 7.59% gain for a year compared to 6-month loss of -4.72%.
The stock witnessed a -0.72% gain in the last 1 month and extending the period to 3 months gives it a 3.65%, and is -1.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.91% over the week and 0.92% over the month.
CGI Inc (GIB) has around 90250 employees, a market worth around $23.83B and $10.88B in sales. Current P/E ratio is 19.56 and Fwd P/E is 16.51. Profit margin for the company is 11.53%. Distance from 52-week low is 15.56% and -12.62% from its 52-week high. The company has generated returns on investments over the last 12 months (12.56%).
The EPS is expected to grow by 9.86% this year
The shares outstanding are 198.92M, and float is at 195.35M with Short Float at 1.90%.
The top institutional shareholder in the company is CAISSE DE DEPOT ET PLACEMENT DU QUEBEC with over 16.06 million shares valued at $1.6 billion. The investor’s holdings represent 6.9697 of the GIB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.7 million shares valued at $768.87 million to account for 3.343 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 7.18 million shares representing 3.1151 and valued at over $716.46 million, while MANUFACTURERS LIFE INSURANCE COMPANY, THE holds 2.4183 of the shares totaling 5.57 million with a market value of $555.4 million.
