CGI Inc (NYSE: GIB) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for CGI Inc (NYSE: GIB): significant quarterly earnings acceleration occurred, and the consensus estimate for September, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GIB is expected to continue to be a major Value Builder.
CGI has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CGI has a poor Appreciation Score of 29 but a slightly positive Power Rating of 61, with the Low Neutral Value Trend Rating the result.
Recent Price Action
On 1/3/24, CGI Inc (NYSE: GIB) stock declined modestly by -1.2%, closing at $102.64. However, trading volume in this decline was below average at 81% of normal. Relative to the market the stock has been strong over the last nine months but has declined -4.0% during the last week.
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