CGI Group Inc (NYSE:GIB) – Research analysts at National Bank Financial reduced their FY2016 earnings per share (EPS) estimates for CGI Group in a report released on Wednesday, according to Zacks Investment Research. National Bank Financial analyst K. Thompson now forecasts that the firm will earn $2.44 per share for the year, down from their previous estimate of $2.68. The consensus estimate for CGI Group’s FY2016 earnings is $2.52 per share.

A number of other research firms also recently commented on GIB. Societe Generale raised shares of CGI Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 12th. RBC Capital upped their price objective on shares of CGI Group from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, November 12th. Barclays upped their price objective on shares of CGI Group from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, November 12th. Desjardins raised shares of CGI Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 4th. Finally, Zacks Investment Research raised shares of CGI Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.00.

CGI Group (NYSE:GIB) traded up 2.15% during mid-day trading on Monday, reaching $39.46. 279,221 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $39.59 and its 200-day moving average price is $38.55. The company has a market capitalization of $12.13 billion and a P/E ratio of 18.53. CGI Group has a 52 week low of $31.99 and a 52 week high of $46.30.

CGI Group (NYSE:GIB) last released its quarterly earnings data on Wednesday, November 11th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.54 billion. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS.

Other institutional investors recently added to or reduced their stakes in the company. CIBC World Markets boosted its position in CGI Group by 10.2% in the fourth quarter. CIBC World Markets now owns 4,196,955 shares of the company’s stock worth $168,004,000 after buying an additional 388,017 shares in the last quarter. Benjamin F. Edwards & Company bought a new position in CGI Group during the fourth quarter worth $0. Finally, Montrusco Bolton Investments boosted its position in CGI Group by 26.5% in the fourth quarter. Montrusco Bolton Investments now owns 1,088,153 shares of the company’s stock worth $43,398,000 after buying an additional 228,285 shares in the last quarter.

CGI Group Inc (NYSE:GIB) is a Canada-based company that provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. The Company’s delivery model provides for work to be carried out onsite at client premises, or through its centers located globally. In addition, CGI has a range of business solutions, which helps its clients and shareholders. CGI has a range of business solutions, which helps its clients and shareholders. It includes Momentum, CGI Advantage and Credit Services Solutions. CGI offers its end-to-end services to a focused set of industry vertical markets, such as financial services, government, health, telecommunications and utilities and manufacturing, retail and distribution (MRD). The Company provides a full range of IT and management consulting services, including business transformation, IT strategic planning, business process engineering and systems architecture.

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