Stifel Canada Weighs in on CGI’s FY2025 Earnings (NYSE:GIB)

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Analysts at Stifel Canada reduced their FY2025 earnings per share (EPS) estimates for shares of CGI in a research report issued to clients and 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 prior forecast of $6.33. The consensus estimate for CGI’s current full-year earnings is $5.54 per share.

A number of other brokerages also recently commented on GIB. Jefferies Financial Group lifted their price objective on shares of CGI from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group started coverage on CGI in a report on Friday, July 19th. They set a “neutral” rating and a $112.00 price target for the company. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Sanford C. Bernstein upgraded CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, CIBC raised CGI from a “neutral” rating to an “outperformer” rating and boosted their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $137.00.

CGI Price Performance

Shares of GIB opened at $112.84 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $113.94 and its 200 day simple moving average is $107.54. CGI has a 1-year low of $96.92 and a 1-year high of $118.89. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.37 and a beta of 0.96.

Institutional Investors Weigh In On CGI

A number of institutional investors have recently made changes to their positions in the company. Crestwood Advisors Group LLC grew its position in CGI by 2.4% during the third quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company’s stock worth $485,000 after buying an additional 97 shares in the last quarter. First Affirmative Financial Network lifted its position in shares of CGI by 4.0% during the 2nd quarter. First Affirmative Financial Network now owns 2,841 shares of the technology company’s stock valued at $284,000 after acquiring an additional 109 shares during the period. Cigna Investments Inc. New grew its holdings in shares of CGI by 3.8% during the 2nd quarter. Cigna Investments Inc. New now owns 3,948 shares of the technology company’s stock worth $394,000 after purchasing an additional 146 shares in the last quarter. JCIC Asset Management Inc. increased its position in shares of CGI by 0.5% in the first quarter. JCIC Asset Management Inc. now owns 32,860 shares of the technology company’s stock worth $3,627,000 after purchasing an additional 160 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in CGI by 9.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock valued at $205,000 after purchasing an additional 173 shares in the last quarter. Institutional investors 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.