National Bank Financial Lowers Earnings Estimates for CGI

CGI Inc. (NYSE:GIBFree Report) (TSE:GIB.A) – National Bank Financial lowered their FY2025 EPS estimates for shares of CGI in a note issued to investors on Wednesday, January 29th. National Bank Financial analyst R. Tse now forecasts that the technology company will post earnings per share of $5.83 for the year, down from their previous forecast of $6.05. The consensus estimate for CGI’s current full-year earnings is $5.79 per share.

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

A number of other research firms also recently weighed in on GIB. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and increased their price target for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Jefferies Financial Group dropped their price objective on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. UBS Group lifted their target price on CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday. Finally, StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $153.25.

Check Out Our Latest Stock Report on GIB

CGI Trading Up 0.0 %

Shares of GIB stock opened at $118.17 on Monday. The stock has a 50-day moving average of $111.19 and a 200-day moving average of $111.55. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a market cap of $26.79 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.59 and a beta of 0.94. CGI has a 1-year low of $96.92 and a 1-year high of $121.55.

CGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a $0.1039 dividend. This represents a $0.42 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, February 14th. CGI’s payout ratio is currently 8.32%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of CGI during the second quarter worth about $2,907,000. CWM LLC increased its holdings in CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after purchasing an additional 176 shares in the last quarter. Creative Planning lifted its holdings in shares of CGI by 16.1% in the third quarter. Creative Planning now owns 25,179 shares of the technology company’s stock valued at $2,895,000 after purchasing an additional 3,490 shares in the last quarter. Walter Public Investments Inc. boosted its position in shares of CGI by 10.5% during the third quarter. Walter Public Investments Inc. now owns 227,796 shares of the technology company’s stock valued at $26,194,000 after buying an additional 21,582 shares during the last quarter. Finally, Net Worth Advisory Group bought a new stake in CGI during the third quarter worth $467,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Company Profile

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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.

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Earnings History and Estimates for CGI (NYSE:GIB)

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