Scotiabank Has Pessimistic Outlook of CGI FY2025 Earnings

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Analysts at Scotiabank lowered their FY2025 earnings per share (EPS) estimates for shares of CGI in a note issued to investors on Wednesday, January 8th. Scotiabank analyst D. Goyal now anticipates that the technology company will earn $5.79 per share for the year, down from their previous estimate 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.

GIB has been the topic of a number of other reports. StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $178.00 target price on shares of CGI in a report on Monday, January 6th. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, CIBC raised CGI from a “neutral” rating to an “outperformer” rating and boosted their price objective for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, CGI has a consensus rating of “Buy” and a consensus target price of $147.25.

CGI Price Performance

CGI stock opened at $107.93 on Friday. The company has a fifty day simple moving average of $110.88 and a 200-day simple moving average of $110.41. The firm has a market capitalization of $24.60 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.55 and a beta of 0.95. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. CGI has a 52-week low of $96.92 and a 52-week high of $118.89.

CGI Announces Dividend

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

Hedge Funds Weigh In On CGI

Large investors have recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec raised its holdings in CGI by 1.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock valued at $1,876,550,000 after buying an additional 230,000 shares during the period. National Bank of Canada FI raised its stake in shares of CGI by 23.6% in the 3rd quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock valued at $519,072,000 after acquiring an additional 861,771 shares during the period. Fiera Capital Corp lifted its holdings in shares of CGI by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock worth $505,173,000 after acquiring an additional 114,864 shares during the last quarter. Bank of Montreal Can boosted its position in shares of CGI by 3.3% during the 3rd quarter. Bank of Montreal Can now owns 3,275,421 shares of the technology company’s stock worth $373,887,000 after purchasing an additional 104,300 shares during the period. Finally, Cibc World Market Inc. increased its holdings in CGI by 6.2% in the 2nd 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. Institutional investors and hedge funds 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.