Research Analysts Issue Forecasts for CGI FY2025 Earnings

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Scotiabank cut their FY2025 earnings per share estimates for CGI in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst D. Goyal now anticipates that the technology company will post earnings per share of $5.79 for the year, down from their prior forecast of $6.08. The consensus estimate for CGI's current full-year earnings is $5.99 per share. Scotiabank also issued estimates for CGI's FY2026 earnings at $6.13 EPS.

Other analysts have also recently issued research reports about the company. Cibc World Mkts raised CGI from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. CIBC raised shares of CGI from a "neutral" rating to an "outperformer" rating and increased their target price for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $178.00 price objective on shares of CGI in a research note on Monday. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $147.25.

CGI Stock Down 1.1 %

Shares of GIB stock traded down $1.19 during trading hours on Friday, reaching $107.93. 221,867 shares of the company's stock were exchanged, compared to its average volume of 152,928. The stock's fifty day moving average price is $110.96 and its two-hundred day moving average price is $110.35. The stock has a market cap of $24.60 billion, a PE ratio of 20.06, a PEG ratio of 2.55 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI has a 1 year low of $96.92 and a 1 year high of $118.89.

CGI Dividend Announcement

The company also recently declared a -- dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.111 per share. The ex-dividend date was Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI's dividend payout ratio is currently 8.18%.

Institutional Investors Weigh In On CGI

Large investors have recently added to or reduced their stakes in the business. Rempart Asset Management Inc. raised its stake in CGI by 0.5% in the fourth quarter. Rempart Asset Management Inc. now owns 188,280 shares of the technology company's stock valued at $20,554,000 after buying an additional 1,015 shares in the last quarter. DGS Capital Management LLC raised its holdings in CGI by 1.8% during the third quarter. DGS Capital Management LLC now owns 31,280 shares of the technology company's stock worth $3,596,000 after purchasing an additional 539 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CGI during the third quarter worth approximately $28,000. Unigestion Holding SA lifted its position in shares of CGI by 75.0% during the 3rd quarter. Unigestion Holding SA now owns 26,310 shares of the technology company's stock worth $3,027,000 after buying an additional 11,280 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of CGI by 23.9% in the 3rd quarter. Toronto Dominion Bank now owns 561,741 shares of the technology company's stock valued at $64,578,000 after buying an additional 108,428 shares in the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

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.