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NYSE:GIB

CGI (GIB) Stock Price, News & Analysis

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$103.68
+1.57 (+1.54%)
(As of 05/3/2024 ET)
Compare
Today's Range
$102.59
▼
$104.19
50-Day Range
$99.36
▼
$118.47
52-Week Range
$93.07
▼
$118.89
Volume
181,289 shs
Average Volume
189,499 shs
Market Capitalization
$24.09 billion
P/E Ratio
19.98
Dividend Yield
N/A
Price Target
$165.00
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

CGI MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
59.1% Upside
$165.00 Price Target
Short Interest
Healthy
0.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of CGI in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.15%
From $5.68 to $6.20 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.79 out of 5 stars

Computer And Technology Sector

1183rd out of 3,570 stocks

Management Consulting Services Industry

43rd out of 96 stocks

See Top Rated MarketRank™ Stocks Here
GIB stock logo

About CGI Stock (NYSE:GIB)

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. It serves clients operating in government, banking and capital market, health, utility, communication and media, oil and gas, space, manufacturing, insurance, life sciences, retail and consumer service, and transportation and logistics sectors. The company operates in Canada, France, Spain, Portugal, the United States, Germany, Sweden, Norway, the United Kingdom, Australia, Finland, Poland, Baltics, the Netherlands, Denmark, Czech Republic, India, the Philippines, Asia Pacific, and internationally. Western and Southern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.

GIB Stock Price History

GIB Stock News Headlines

May 4, 2024 | americanbankingnews.com
Research Analysts Offer Predictions for CGI Inc.'s Q3 2024 Earnings (NYSE:GIB)
May 4, 2024 | americanbankingnews.com
Intelligent Group (NASDAQ:INTJ) and CGI (NYSE:GIB) Head to Head Review
May 4, 2024 | Porter & Company (Ad)
Elon to Transform U.S. Economy?
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May 2, 2024 | finance.yahoo.com
CGI Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
May 2, 2024 | finance.yahoo.com
CGI Inc. (NYSE:GIB) Q2 2024 Earnings Call Transcript
May 2, 2024 | gurufocus.com
Q2 2024 CGI Inc Earnings Call Transcript
May 1, 2024 | seekingalpha.com
CGI Inc. 2024 Q2 - Results - Earnings Call Presentation
May 1, 2024 | msn.com
CGI reports $426.9M profit in second quarter, up from $419.4M a year earlier
May 4, 2024 | Porter & Company (Ad)
Elon to Transform U.S. Economy?
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
May 1, 2024 | prnewswire.com
CGI reports second quarter Fiscal 2024 results
April 30, 2024 | americanbankingnews.com
Leafbuyer Technologies (OTCMKTS:LBUY) versus CGI (NYSE:GIB) Critical Review
April 24, 2024 | prnewswire.com
CGI to release second quarter fiscal 2024 results on May 1
April 24, 2024 | americanbankingnews.com
CGI (GIB) Scheduled to Post Earnings on Wednesday
April 23, 2024 | seekingalpha.com
CGI Looks Fully Valued Here, But M&A Opportunities May Be Attractive
April 22, 2024 | finance.yahoo.com
CGI selected by Los Angeles County to modernize core systems for one of the nation's largest and most complex public sector operations
April 16, 2024 | prnewswire.com
CGI's Hotscan360 solution named a market leader for helping enterprises address financial crime compliance
April 10, 2024 | prnewswire.com
CGI named lead partner by Minnesota for multi-state initiative to analyze diversity, equity, inclusion data in child support programs
April 4, 2024 | prnewswire.com
Nevada to transform state ERP systems with cloud-based CGI Advantage® solution
April 3, 2024 | prnewswire.com
CGI partners with MOSL to enable continued innovation for the retail water market in England
March 27, 2024 | prnewswire.com
CGI appointed as Strategic Delivery Partner to UK Cabinet Office for digital transformation
March 25, 2024 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Affirm Holdings (AFRM), Altair Engineering (ALTR) and CGI Group (GIB)
March 20, 2024 | theglobeandmail.com
Bullish on CGI Inc.
March 19, 2024 | marketwatch.com
CGI Secures $72M Contract with U.S. Department of Health and Human Services
March 16, 2024 | sg.finance.yahoo.com
GIB Apr 2024 130.000 call
March 1, 2024 | prnewswire.com
CGI U.S. earns perfect score for the third year in a row in Human Rights Campaign Foundation's Corporate Equality Index
February 27, 2024 | prnewswire.com
Massachusetts selects CGI for transformation of Commonwealth's enterprise financial system
February 23, 2024 | prnewswire.com
CGI announces intent to repurchase 1.67 million of its shares
See More Headlines
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Company Calendar

Last Earnings
11/10/2021
Today
5/04/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
9/30/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Computer and Technology
Industry
Management consulting services
Sub-Industry
N/A
Current Symbol
NYSE:GIB
CUSIP
N/A
CIK
1061574
Web
www.cgi.com
Phone
(514) 841-3200
Fax
703-267-8679
Employees
91,500
Year Founded
1976

Price Target and Rating

Average Stock Price Target
$165.00
High Stock Price Target
$165.00
Low Stock Price Target
$165.00
Potential Upside/Downside
+59.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.19
Trailing P/E Ratio
19.98
Forward P/E Ratio
18.22
P/E Growth
2.18
Net Income
$1.21 billion
Net Margins
11.38%
Pretax Margin
15.28%
Return on Equity
20.73%
Return on Assets
11.00%

Debt

Debt-to-Equity Ratio
0.22
Current Ratio
1.11
Quick Ratio
0.86

Sales & Book Value

Annual Sales
$10.60 billion
Price / Sales
2.27
Cash Flow
$7.30 per share
Price / Cash Flow
14.20
Book Value
$26.43 per share
Price / Book
3.92

Miscellaneous

Outstanding Shares
232,320,000
Free Float
209,319,000
Market Cap
$24.09 billion
Optionable
Optionable
Beta
0.93

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Key Executives

  • Mr. Serge Godin (Age 75)
    Founder & Executive Chairman of the Board
    Comp: $1.86M
  • Ms. Julie Godin (Age 49)
    Co-Chair of the Board and Executive VP of Strategic Planning & Corporate Development
  • Mr. George D. Schindler (Age 61)
    President, CEO & Director
    Comp: $3.69M
  • Mr. Francois Boulanger
    President & COO
  • Mr. Jean-Michel Baticle
    President, COO and President of Western & Southern Europe Operations
  • Mr. Andre Imbeau (Age 74)
    Co-Founder, Advisor to the Executive Chairman & Director
  • Mr. Steve Perron
    Executive VP & CFO
  • Ms. Leslie McKay
    Senior VP & Chief Information Officer
  • Mr. Kevin Morris Linder CA
    CPA, Senior Vice President of Investor Relations
  • Mr. Benoit Dubé
    Executive VP of Legal & Economic Affairs and Corporate Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy CGI Stock? GIB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CGI Inc.:

  • CGI Inc. reported earnings per share of $1.34 for the last quarter, beating the consensus estimate by $0.03. This indicates strong financial performance.
  • CGI Inc. has a return on equity of 20.65%, showcasing efficient utilization of shareholder equity to generate profits.
  • The company operates in various sectors such as government, banking, healthcare, and more, providing diversified revenue streams.
  • CGI Inc. has a market cap of $24.81 billion, indicating a sizable presence in the market.
  • With a PE ratio of 20.78, CGI Inc. may be considered undervalued compared to industry peers, presenting a potential investment opportunity.

Cons

Investors should be bearish about investing in CGI Inc. for these reasons:

  • CGI Inc.'s stock price has experienced fluctuations, with a 52-week low of $93.07 and a high of $118.89, indicating potential volatility.
  • The company's debt-to-equity ratio of 0.22 may raise concerns about its financial leverage and risk exposure.
  • CGI Inc.'s P/E/G ratio of 1.97 suggests that the stock may be overvalued relative to its earnings growth potential.
  • While CGI Inc. has a strong presence in multiple regions globally, geopolitical risks and currency fluctuations could impact its operations.
  • Institutional investors own a significant portion (66.68%) of CGI Inc.'s stock, potentially limiting individual investor influence on company decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these CGI pros and cons to contact@marketbeat.com.

GIB Stock Analysis - Frequently Asked Questions

Should I buy or sell CGI stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GIB shares.
View GIB analyst ratings or view top-rated stocks.

What is CGI's stock price target for 2024?

1 Wall Street analysts have issued 12 month price objectives for CGI's shares. Their GIB share price targets range from $165.00 to $165.00. On average, they anticipate the company's stock price to reach $165.00 in the next twelve months. This suggests a possible upside of 59.1% from the stock's current price.
View analysts price targets for GIB or view top-rated stocks among Wall Street analysts.

How have GIB shares performed in 2024?

CGI's stock was trading at $107.21 at the beginning of the year. Since then, GIB shares have decreased by 3.3% and is now trading at $103.68.
View the best growth stocks for 2024 here.

Are investors shorting CGI?

CGI saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 712,000 shares, a drop of 13.7% from the March 31st total of 825,100 shares. Based on an average daily trading volume, of 148,700 shares, the days-to-cover ratio is currently 4.8 days. Approximately 0.4% of the company's shares are sold short.
View CGI's Short Interest.

When is CGI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our GIB earnings forecast.

How were CGI's earnings last quarter?

CGI Inc. (NYSE:GIB) announced its quarterly earnings results on Wednesday, November, 10th. The technology company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04. The technology company earned $2.39 billion during the quarter, compared to the consensus estimate of $2.38 billion. CGI had a trailing twelve-month return on equity of 20.43% and a net margin of 11.38%. During the same period in the prior year, the firm posted $0.92 earnings per share.

What ETF holds CGI's stock?

iShares International Equity Factor ETF holds 65,176 shares of GIB stock, representing 0.65% of its portfolio.

What other stocks do shareholders of CGI own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CGI investors own include CGI (GIB.A), International Business Machines (IBM), NVIDIA (NVDA), Home Depot (HD), McDonald's (MCD), Cisco Systems (CSCO), Enbridge (ENB), Intel (INTC) and AT&T (T).

Who are CGI's major shareholders?

CGI's stock is owned by a number of retail and institutional investors. Top institutional investors include QV Investors Inc. (0.27%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Addenda Capital Inc. (0.18%), Claret Asset Management Corp (0.18%), Galibier Capital Management Ltd. (0.10%) and Rempart Asset Management Inc. (0.08%).

How do I buy shares of CGI?

Shares of GIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does CGI have any subsidiaries?
The following companies are subsidiares of CGI: CGI Federal Inc., CGI France SAS, CGI IT UK Limited, CGI Information Systems and Management Consultants Inc., CGI Nederland B.V., CGI Suomi Oy, CGI Sverige AB, CGI Technologies and Solutions Inc., CTS Inc., Collaborative Consulting, Conseillers en gestion et informatique CGI inc., Facilité Informatique, Logica, Stanley, Summa Technologies, and ckc group.
Read More
This page (NYSE:GIB) was last updated on 5/4/2024 by MarketBeat.com Staff

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