Scotiabank Research Analysts Cut Earnings Estimates for CGI

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Analysts at Scotiabank dropped their FY2025 EPS estimates for shares of CGI in a report issued on Wednesday, January 8th. Scotiabank analyst D. Goyal now anticipates that the technology company will post earnings of $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.

Several other equities research analysts also recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price objective on shares of CGI in a report on Monday. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, CIBC upgraded 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 report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CGI presently has an average rating of “Buy” and an average price target of $147.25.

CGI Stock Performance

Shares of NYSE GIB opened at $109.15 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36. The stock has a 50 day moving average price of $110.96 and a 200 day moving average price of $110.35. The stock has a market capitalization of $24.87 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.55 and a beta of 0.95. CGI has a 52 week low of $96.92 and a 52 week high of $118.89.

CGI Dividend Announcement

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

Institutional Investors Weigh In On CGI

Several hedge funds and other institutional investors have recently made changes to their positions in GIB. Rempart Asset Management Inc. lifted its stake in shares of CGI by 0.5% in the 4th quarter. Rempart Asset Management Inc. now owns 188,280 shares of the technology company’s stock valued at $20,554,000 after acquiring an additional 1,015 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of CGI by 1.8% in the third quarter. DGS Capital Management LLC now owns 31,280 shares of the technology company’s stock worth $3,596,000 after purchasing an additional 539 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in CGI during the 3rd quarter worth $28,000. Unigestion Holding SA grew its position in shares of CGI by 75.0% in the 3rd quarter. Unigestion Holding SA now owns 26,310 shares of the technology company’s stock valued at $3,027,000 after buying an additional 11,280 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of CGI by 23.9% during the third quarter. Toronto Dominion Bank now owns 561,741 shares of the technology company’s stock worth $64,578,000 after acquiring an additional 108,428 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

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.