Stifel Canada Issues Pessimistic Estimate for CGI Earnings

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Stifel Canada lowered their FY2025 earnings per share estimates for CGI in a research report issued on Wednesday, October 30th. Stifel Canada analyst S. Sukumar now forecasts that the technology company will post earnings per share of $6.13 for the year, down from their prior estimate of $6.33. The consensus estimate for CGI's current full-year earnings is $5.54 per share.

A number of other equities analysts also recently issued reports on GIB. Jefferies Financial Group lifted their price objective on shares of CGI from $120.00 to $121.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. CIBC upgraded shares of CGI from a "neutral" rating to an "outperformer" rating and raised their price objective for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Cibc World Mkts raised CGI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 15th. Sanford C. Bernstein upgraded shares of CGI to a "strong-buy" rating in a research note on Thursday, August 1st. Finally, UBS Group began coverage on shares of CGI in a research note on Friday, July 19th. They issued a "neutral" rating and a $112.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $137.00.

CGI Stock Up 0.4 %

Shares of GIB traded up $0.46 on Monday, reaching $111.91. The company's stock had a trading volume of 118,397 shares, compared to its average volume of 148,114. CGI has a twelve month low of $96.92 and a twelve month high of $118.89. The stock has a market capitalization of $25.51 billion, a PE ratio of 21.17, a PEG ratio of 2.34 and a beta of 0.96. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $113.86 and a 200-day moving average of $107.42.

Institutional Trading of CGI

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock valued at $91,000 after acquiring an additional 585 shares in the last quarter. CWM LLC raised its stake in CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company's stock valued at $157,000 after purchasing an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company's stock valued at $205,000 after purchasing an additional 173 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in CGI during the third quarter valued at approximately $208,000. Finally, Atria Investments Inc purchased a new position in CGI in the 3rd quarter worth approximately $218,000. Institutional investors own 66.68% of the company's stock.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.