CGI continues to win new contracts

Article Excerpt

CGI INC. $109 is our #1 Aggressive buy for 2021. The company (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 253.8 million; Market cap: $27.7 billion; Price-to-sales ratio: 2.2; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) helps its clients automate routine functions such as accounting and buying supplies. That improves their efficiency and lets them focus on their main businesses. The State of Michigan has selected CGI to consolidate a variety of functions under a single, cloud-based computing platform. Those include accounting, purchasing, budgeting, inventory management and labour allocations. Having this information on a single platform helps eliminate duplication of activities and cuts costs. The company has not yet said how much this 10-year deal is worth. But contracts like this enhance its strong reputation, and should lead to more jobs with other U.S. state governments. CGI is our #1 Aggressive Buy for 2021. 2021…