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NYSE:GIB

CGI (GIB) Stock Price, News & Analysis

$111.98
-0.33 (-0.29%)
(As of 09/6/2024 ET)
Today's Range
$111.39
$113.79
50-Day Range
$99.09
$113.97
52-Week Range
$93.07
$118.89
Volume
111,650 shs
Average Volume
155,460 shs
Market Capitalization
$25.84 billion
P/E Ratio
21.58
Dividend Yield
N/A
Price Target
$132.67

CGI MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
18.5% Upside
$132.67 Price Target
Short Interest
Healthy
0.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.11mentions of CGI in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.42%
From $5.52 to $6.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.78 out of 5 stars

Computer And Technology Sector

330th out of 594 stocks

Management Consulting Services Industry

10th out of 14 stocks

GIB stock logo

About CGI Stock (NYSE:GIB)

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. It serves clients operating in government, banking and capital market, health, utility, communication and media, oil and gas, space, manufacturing, insurance, life sciences, retail and consumer service, and transportation and logistics sectors. The company operates in Canada, France, Spain, Portugal, the United States, Germany, Sweden, Norway, the United Kingdom, Australia, Finland, Poland, Baltics, the Netherlands, Denmark, Czech Republic, India, the Philippines, Asia Pacific, and internationally. Western and Southern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.

GIB Stock Price History

GIB Stock News Headlines

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Brokerages Set CGI Inc. (NYSE:GIB) Target Price at $132.67
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See More Headlines
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Company Calendar

Last Earnings
11/10/2021
Today
9/07/2024
Fiscal Year End
9/30/2024
Next Earnings (Estimated)
11/13/2024

Industry, Sector and Symbol

Industry
Management consulting services
Sub-Industry
Business Services
Employees
91,500
Year Founded
1976

Price Target and Rating

Average Stock Price Target
$132.67
High Stock Price Target
$165.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$1.21 billion
Pretax Margin
15.53%

Debt

Sales & Book Value

Annual Sales
$14.52 billion
Cash Flow
$6.96 per share
Book Value
$28.17 per share

Miscellaneous

Free Float
207,920,000
Market Cap
$25.84 billion
Optionable
Optionable
Beta
0.95

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Key Executives

  • Mr. Serge Godin (Age 75)
    Founder & Executive Chairman of the Board
    Comp: $1.88M
  • Ms. Julie Godin (Age 49)
    Co-Chair of the Board and Executive VP of Strategic Planning & Corporate Development
  • Mr. George D. Schindler (Age 61)
    President, CEO & Director
    Comp: $3.74M
  • Mr. Francois Boulanger
    President & COO
  • Mr. Jean-Michel Baticle
    President, COO and President of Western & Southern Europe Operations
  • Mr. Andre Imbeau (Age 74)
    Co-Founder, Advisor to the Executive Chairman & Director
  • Mr. Steve Perron
    Executive VP & CFO
  • Ms. Leslie McKay
    Senior VP & Chief Information Officer
  • Mr. Kevin Morris Linder CA
    CPA, Senior Vice President of Investor Relations
  • Mr. Benoit Dubé
    Executive VP of Legal & Economic Affairs and Corporate Secretary

Should I Buy CGI Stock? GIB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CGI Inc.:

  • CGI Inc. reported strong earnings results, beating the consensus estimate by $0.02 per share, indicating financial stability and potential growth.
  • Recent analyst reports have upgraded CGI's rating to "buy" and "strong-buy," suggesting positive sentiment and potential stock price appreciation.
  • CGI's return on equity of 20.43% showcases efficient use of shareholder funds to generate profits, a favorable metric for investors.
  • Institutional investors hold a significant portion of CGI's stock, indicating confidence in the company's future performance and stability.
  • CGI's stock price has shown a consistent uptrend, with a recent increase of 0.4%, reflecting positive market sentiment and potential for further growth.

Cons

Investors should be bearish about investing in CGI Inc. for these reasons:

  • CGI Inc. experienced a slight decrease in institutional holdings, which may raise concerns about future investor confidence and market performance.
  • Some analysts have downgraded CGI's rating to "neutral," indicating potential uncertainties or challenges ahead for the company.
  • While CGI's revenue was slightly below analyst estimates, it could signal potential challenges in meeting market expectations in the future.
  • CGI's net margin of 11.38% may be considered relatively low compared to industry peers, potentially impacting profitability and investor returns.
  • Market volatility and economic uncertainties could affect CGI's stock price, leading to potential fluctuations and risks for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 26, 2024. Please send any questions or comments about these CGI pros and cons to contact@marketbeat.com.

GIB Stock Analysis - Frequently Asked Questions

How have GIB shares performed this year?

CGI's stock was trading at $107.21 at the start of the year. Since then, GIB shares have increased by 4.4% and is now trading at $111.98.
View the best growth stocks for 2024 here
.

How were CGI's earnings last quarter?

CGI Inc. (NYSE:GIB) announced its quarterly earnings data on Wednesday, November, 10th. The technology company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.04. The technology company earned $2.39 billion during the quarter, compared to analyst estimates of $2.38 billion. CGI had a trailing twelve-month return on equity of 20.21% and a net margin of 11.51%.

Does CGI have any subsidiaries?

CGI subsidiaries include these companies: ckc group, Facilité Informatique, Summa Technologies, CTS Inc., Collaborative Consulting, Logica, Stanley, and more.

Who are CGI's major shareholders?

CGI's top institutional investors include The Manufacturers Life Insurance Company (2.41%), Mackenzie Financial Corp (2.24%), JARISLOWSKY FRASER Ltd (2.00%) and Fiera Capital Corp (1.85%).

How do I buy shares of CGI?

Shares of GIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CGI own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CGI investors own include CGI (GIB.A), International Business Machines (IBM), NVIDIA (NVDA), Home Depot (HD), McDonald's (MCD) and Cisco Systems (CSCO).

This page (NYSE:GIB) was last updated on 9/7/2024 by MarketBeat.com Staff

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