Scotiabank Has Pessimistic Outlook of CGI FY2025 Earnings

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Research analysts at Scotiabank decreased their FY2025 earnings estimates for CGI in a note issued to investors on Wednesday, January 8th. Scotiabank analyst D. Goyal now forecasts that the technology company will post earnings of $5.79 per share for the year, down from their prior 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.

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

CGI Trading Down 1.1 %

NYSE GIB opened at $107.93 on Friday. CGI has a 52 week low of $96.92 and a 52 week high of $118.89. The company has a 50 day moving average price of $110.88 and a 200 day moving average price of $110.41. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. The firm has a market cap of $24.60 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.55 and a beta of 0.95.

CGI Announces Dividend

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

Institutional Investors Weigh In On CGI

Institutional investors and hedge funds have recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec grew its position in CGI by 1.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock worth $1,876,550,000 after purchasing an additional 230,000 shares during the period. National Bank of Canada FI grew its holdings in CGI by 23.6% during the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock worth $519,072,000 after acquiring an additional 861,771 shares during the period. Fiera Capital Corp raised its position in CGI by 2.7% during the third quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock valued at $505,173,000 after acquiring an additional 114,864 shares in the last quarter. Bank of Montreal Can lifted its holdings in CGI by 3.3% in the third quarter. Bank of Montreal Can now owns 3,275,421 shares of the technology company’s stock valued at $373,887,000 after acquiring an additional 104,300 shares during the period. Finally, Cibc World Market Inc. boosted its position 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 worth $180,025,000 after purchasing an additional 105,817 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

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.