With the New Year now upon us, investors will be assessing which sectors are expected to outperform based on improving fundamentals in 2018.
While 2017 saw a number of key sectors take off, consulting is one sector which has often fallen under the radar for investors due to its size and lack of coverage. One Canadian company which stands to benefit from improving sector-specific growth trend is CGI Group (TSX:GIB.A).
CGI is a company with diversified consulting operations spanning multiple sectors, focusing on IT and business improvement/system integration solutions for large clients around the globe. With technological innovation a necessary component of staying competitive, the need for many large organizations to rely upon the services of CGI is likely to take off in 2018 as companies continue to rush to gain any sort of competitive edge in an increasingly tech-oriented world.
The company has an excellent backlog of projects and has generated solid growth in the past, leading numerous analysts to focus on the growth trajectory of CGI (and the industry in general) as one of the primary factors driving a bullish outlook for the company.
With an improving bottom line expected to take form in 2018, and the potential for CGI to go out and acquire or partner with firms as necessary, this company could be an excellent underdog for an investor looking to buy growth in an under-appreciated firm today.
Invest wisely, my friends.
