Raymond James Has Bearish Forecast for CGI FY2025 Earnings

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Analysts at Raymond James decreased their FY2025 EPS estimates for CGI in a research note issued to investors on Thursday, January 30th. Raymond James analyst S. Li now anticipates that the technology company will earn $5.80 per share for the year, down from their previous forecast of $5.98. The consensus estimate for CGI's current full-year earnings is $5.79 per share.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $178.00 price target on shares of CGI in a report on Monday, January 6th. CIBC raised shares of CGI from a "neutral" rating to an "outperformer" rating and upped their price target for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. StockNews.com raised shares of CGI from a "sell" rating to a "hold" rating in a report on Friday, November 15th. UBS Group upped their target price on shares of CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Jefferies Financial Group lowered their price objective on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $153.25.

CGI Stock Down 0.8 %

Shares of GIB stock traded down $1.01 during trading hours on Monday, reaching $119.16. The company had a trading volume of 191,564 shares, compared to its average volume of 198,661. The company has a market capitalization of $27.02 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. CGI has a twelve month low of $96.92 and a twelve month high of $121.55. The stock's fifty day simple moving average is $111.47 and its 200 day simple moving average is $111.70.

CGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be issued a $0.1039 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, February 14th. CGI's payout ratio is 8.32%.

Hedge Funds Weigh In On CGI

A number of institutional investors have recently bought and sold shares of GIB. Wilmington Savings Fund Society FSB purchased a new stake in shares of CGI in the third quarter worth approximately $28,000. Sierra Ocean LLC purchased a new stake in CGI in the 4th quarter worth approximately $62,000. Blue Trust Inc. boosted its stake in shares of CGI by 288.2% during the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock valued at $91,000 after buying an additional 585 shares during the period. CWM LLC grew its holdings in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company's stock valued at $157,000 after acquiring an additional 176 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management purchased a new stake in shares of CGI during the third quarter worth $208,000. Hedge funds and other institutional investors own 66.68% of the company's stock.

CGI Company Profile

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.