Stifel Canada Brokers Decrease Earnings Estimates for CGI

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Equities researchers at Stifel Canada lowered their FY2025 earnings estimates for CGI in a research note issued to investors on Wednesday, October 30th. Stifel Canada analyst S. Sukumar now anticipates that the technology company will earn $6.13 per share for the year, down from their previous forecast of $6.33. The consensus estimate for CGI’s current full-year earnings is $5.54 per share.

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

CGI Stock Up 0.4 %

NYSE GIB opened at $111.91 on Monday. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $118.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $25.51 billion, a PE ratio of 21.16, a PEG ratio of 2.34 and a beta of 0.96. The business has a fifty day moving average price of $113.91 and a two-hundred day moving average price of $107.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in CGI by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,603,481 shares of the technology company’s stock worth $840,109,000 after purchasing an additional 64,037 shares during the last quarter. Fiera Capital Corp increased its stake in CGI by 2.7% in the third quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock valued at $505,173,000 after purchasing an additional 114,864 shares during the last quarter. TD Asset Management Inc increased its stake in CGI by 2.0% in the second quarter. TD Asset Management Inc now owns 2,203,320 shares of the technology company’s stock valued at $219,873,000 after purchasing an additional 43,355 shares during the last quarter. Cibc World Market Inc. increased its stake in CGI by 6.2% in the second quarter. Cibc World Market Inc. now owns 1,803,131 shares of the technology company’s stock valued at $180,025,000 after purchasing an additional 105,817 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in CGI by 3,776.8% during the first quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company’s stock valued at $77,381,000 after acquiring an additional 681,747 shares during the period. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

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.