CGI Inc. to Post FY2025 Earnings of $6.33 Per Share, Stifel Canada Forecasts (NYSE:GIB)

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Stifel Canada upped their FY2025 earnings per share (EPS) estimates for shares of CGI in a research note issued on Wednesday, July 31st. Stifel Canada analyst S. Sukumar now expects that the technology company will post earnings per share of $6.33 for the year, up from their previous forecast of $6.25. The consensus estimate for CGI’s current full-year earnings is $5.53 per share.

Several other brokerages have also recently weighed in on GIB. TD Securities upgraded CGI from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Jefferies Financial Group raised their target price on shares of CGI from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. CIBC downgraded shares of CGI from a “sector outperform” rating to a “neutral” rating in a research note on Friday, June 21st. Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, UBS Group initiated coverage on shares of CGI in a research note on Friday, July 19th. They issued a “neutral” rating and a $112.00 target price for the company. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CGI presently has an average rating of “Moderate Buy” and a consensus price target of $132.67.

CGI Price Performance

Shares of NYSE GIB opened at $105.07 on Monday. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.59 and a beta of 0.95. The business has a 50-day moving average of $103.08 and a 200-day moving average of $107.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. CGI has a fifty-two week low of $93.07 and a fifty-two week high of $118.89.

Institutional Trading of CGI

A number of hedge funds and other institutional investors have recently modified their holdings of GIB. International Assets Investment Management LLC bought a new stake in shares of CGI during the fourth quarter worth $59,190,000. Prime Capital Investment Advisors LLC bought a new stake in shares of CGI in the fourth quarter worth $1,409,000. Tritonpoint Wealth LLC bought a new stake in shares of CGI in the fourth quarter worth $205,000. Sequoia Financial Advisors LLC grew its stake in shares of CGI by 77.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 30,784 shares of the technology company’s stock worth $3,300,000 after purchasing an additional 13,415 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in shares of CGI by 5.6% in the fourth quarter. GHP Investment Advisors Inc. now owns 33,422 shares of the technology company’s stock worth $3,583,000 after purchasing an additional 1,771 shares during 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.