NYSE:GIB

CGI (GIB) Stock Forecast, Price & News

$98.49

-0.29 (-0.29%)

(As of 09/29/2023 ET)

Compare

Today's Range: $98.48
▼
$99.93
50-Day Range: $97.93
▼
$104.14
52-Week Range: $72.23
▼
$107.66

Volume: 147,773 shs
Average Volume: 110,673 shs
Market Capitalization: $23.18 billion

P/E Ratio: 19.94
Dividend Yield: N/A
Price Target: $117.25

CGI MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 19.0% Upside
$117.25 Price Target
Short Interest: Bearish
0.98% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.39
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.93%
From $5.34 to $5.87 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.72 out of 5 stars

Computer And Technology Sector

515th out of 608 stocks

Management Consulting Services Industry

14th out of 16 stocks

2.3

Analyst's Opinion

Consensus Rating
CGI has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $117.25, CGI has a forecasted upside of 19.0% from its current price of $98.49.
Amount of Analyst Coverage
CGI has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
0.98% of the float of CGI has been sold short.
Short Interest Ratio / Days to Cover
CGI has a short interest ratio ("days to cover") of 16.7, which indicates bearish sentiment.
Change versus previous month
Short interest in CGI has recently increased by 17.54%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
CGI does not currently pay a dividend.
Dividend Growth
CGI does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GIB.

1.9

News and Social Media Coverage

News Sentiment
CGI has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CGI this week, compared to 3 articles on an average week.
MarketBeat Follows
2 people have added CGI to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CGI insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.90% of the stock of CGI is held by insiders.
Percentage Held by Institutions
49.02% of the stock of CGI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for CGI are expected to grow by 9.93% in the coming year, from $5.34 to $5.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CGI is 19.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of CGI is 19.94, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 221.81.
Price to Earnings Growth Ratio
CGI has a PEG Ratio of 1.91. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CGI has a P/B Ratio of 4.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CGI (NYSE:GIB) Stock

CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also provides application development, integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services. It serves clients operating in government, banking and capital market, health, utility, communication and media, oil and gas, retail, consumer and services, space, manufacturing, insurance, life sciences, retail and consumer service, and transportation and logistics sectors. 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 Price History

30 days | 90 days | 365 days | Advanced Chart

GIB Stock News Headlines

October 1, 2023 | americanbankingnews.com

Analyzing CGI (NYSE:GIB) and Ryvyl (NASDAQ:RVYL)

September 20, 2023 | markets.businessinsider.com

Forbes Magazine Names CGI Among The World's Best Management Consulting Firms For 2023

October 1, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 19, 2023 | finance.yahoo.com

CGI All Payments solution now available in the Microsoft Azure Marketplace

August 30, 2023 | finance.yahoo.com

CGI Federal to continue multi-year digital records build for U.S. Citizenship and Immigration Services

August 19, 2023 | theglobeandmail.com

CGI: Stocks Undervalued by Analyst Consensus on TSX (GIB-A)

August 16, 2023 | finance.yahoo.com

State of Wyoming launches CGI Advantage®

July 27, 2023 | finance.yahoo.com

CGI Federal's Momentum first Core Financial Management solution to pass the U.S. Treasury Department's Financial Management Shared Services Marketplace evaluation

October 1, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

July 27, 2023 | marketwatch.com

CGI 3Q Earnings, Revenue Rise

July 26, 2023 | seekingalpha.com

CGI Inc. 2023 Q3 - Results - Earnings Call Presentation

July 19, 2023 | finance.yahoo.com

CGI to release third quarter fiscal 2023 results on July 26

July 6, 2023 | marketwatch.com

CGI Inc. Cl A stock falls Thursday, still outperforms market

July 6, 2023 | finance.yahoo.com

A Look At The Intrinsic Value Of CGI Inc. (TSE:GIB.A)

June 29, 2023 | seekingalpha.com

CGI Performs Well But Client Delays Await

June 29, 2023 | msn.com

CGI Inc.: Proving Why It's A Solid Long-Term Position

June 21, 2023 | finance.yahoo.com

CGI U.S. Cloud earns StateRAMP Authorization for cloud services

June 16, 2023 | msn.com

CGI (GIB) to Develop Cloud-Powered Flight Data Recorder

June 15, 2023 | marketwatch.com

CGI Inc. Cl A stock falls Thursday, underperforms market

June 15, 2023 | finance.yahoo.com

CGI to lead the development of a cloud-based Universal Virtual Flight Data Recorder

June 6, 2023 | finance.yahoo.com

Nacha Announces CGI as a Preferred Partner for Data Innovation

June 5, 2023 | tmcnet.com

Columbus Metropolitan Housing Authority and CGI Federal partner

June 5, 2023 | finance.yahoo.com

Columbus Metropolitan Housing Authority and CGI Federal partner with Central State University to create a new affordable housing internship program, "The Collaborative"

May 31, 2023 | finance.yahoo.com

CGI Federal successfully demonstrates Microsoft Azure Orbital Cloud Access and Nokia Private 5G communications to support U.S. Marine Corps logistics

May 25, 2023 | ca.finance.yahoo.com

Stocks in play: CGI Inc.

May 24, 2023 | finance.yahoo.com

CGI and Connect for Health Colorado mark 10 years of partnership

May 23, 2023 | finance.yahoo.com

CGI to welcome Sophie Brochu to its Board of Directors

See More Headlines

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GIB Company Calendar

Last Earnings: 7/26/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 9/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Management consulting services
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:GIB
CUSIP: N/A
CIK: 1061574
Web: www.cgi.com
Phone: (514) 841-3200
Fax: 703-267-8679
Employees: 90,000
Year Founded: 1976

Price Target and Rating

Average Stock Price Forecast: $117.25
High Stock Price Forecast: $125.00
Low Stock Price Forecast: $100.00
Forecasted Upside/Downside: +19.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.94
Trailing P/E Ratio: 19.94
Forward P/E Ratio: 18.44
P/E Growth: 1.91
Net Income: $1.15 billion
Net Margins: 11.25%
Pretax Margin: 15.14%
Return on Equity: 20.67%
Return on Assets: 10.26%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 1.15
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $10.08 billion
Price / Sales: 2.30
Cash Flow: $6.42 per share
Price / Cash Flow: 15.35
Book Value: $23.86 per share
Price / Book: 4.13

Miscellaneous

Outstanding Shares: 235,370,000
Free Float: 212,070,000
Market Cap: $23.18 billion
Optionable: Optionable
Beta: 0.90

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Key Executives

Mr. Serge Godin (Age 74)
Founder & Exec. Chairman
Comp: $3.52M

Ms. Julie Godin (Age 48)
Co-Chair of the Board and Exec. VP of Strategic Planning & Corp. Devel.
Comp: $1.2M

Mr. George D. Schindler (Age 60)
Pres, CEO & Director
Comp: $4.4M

Mr. Francois Boulanger
Pres & COO

Mr. Jean-Michel Baticle
Pres, COO and Pres of Western & Southern Europe Operations

Mr. Andre Imbeau (Age 73)
Co-Founder, Advisor to the Exec. Chairman & Director

Mr. Steve Perron
Exec. VP & CFO

Ms. Leslie McKay
Sr. VP & Chief Information Officer

Mr. Kevin Morris Linder CA
CPA, Sr. VP of Investor Relations

Mr. Benoit Dubé
Exec. VP of Legal & Economic Affairs and Corp. Sec.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GIB Stock - Frequently Asked Questions

Should I buy or sell CGI stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CGI in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GIB shares.
View GIB analyst ratings or view top-rated stocks.
What is CGI's stock price forecast for 2023?: 2 brokers have issued 1-year target prices for CGI's stock. Their GIB share price forecasts range from $100.00 to $125.00. On average, they predict the company's stock price to reach $117.25 in the next year. This suggests a possible upside of 19.0% 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 2023?: CGI's stock was trading at $86.13 at the beginning of 2023. Since then, GIB shares have increased by 14.4% and is now trading at $98.49.
View the best growth stocks for 2023 here.
Are investors shorting CGI?: CGI saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,010,000 shares, an increase of 17.5% from the August 31st total of 1,710,000 shares. Based on an average trading volume of 120,500 shares, the days-to-cover ratio is currently 16.7 days. Approximately 1.0% of the shares of the stock are short sold.
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, November 8th 2023.
View our GIB earnings forecast.
How were CGI's earnings last quarter?: CGI Inc. (NYSE:GIB) released its earnings results on Wednesday, July, 26th. The technology company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.02. The technology company had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.69 billion. CGI had a trailing twelve-month return on equity of 20.67% and a net margin of 11.25%.

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).
What is CGI's stock symbol?: CGI trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIB."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CGI's stock price today?: One share of GIB stock can currently be purchased for approximately $98.49.
How much money does CGI make?: CGI (NYSE:GIB) has a market capitalization of $23.18 billion and generates $10.08 billion in revenue each year. The technology company earns $1.15 billion in net income (profit) each year or $4.94 on an earnings per share basis.
How many employees does CGI have?: The company employs 90,000 workers across the globe.
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
How can I contact CGI?: CGI's mailing address is 1350 RENE LEVESQUE BOULEVARD WEST 25TH FLOOR, MONTREAL A8, H3G 1T4. The official website for the company is www.cgi.com. The technology company can be reached via phone at (514) 841-3200, via email at lorne.gorber@cgi.com, or via fax at 703-267-8679.

This page (NYSE:GIB) was last updated on 10/1/2023 by MarketBeat.com Staff

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