What is CGI's stock price target for 2024?

0 analysts have issued 1-year price targets for CGI's shares. Their GIB share price targets range from $100.00 to $125.00. On average, they expect the company's stock price to reach $117.25 in the next twelve months. This suggests a possible upside of 17.2% 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 the year. Since then, GIB shares have increased by 16.2% and is now trading at $100.07. View the best growth stocks for 2023 here .

Are investors shorting CGI?

CGI saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,000,000 shares, an increase of 5.8% from the October 31st total of 1,890,000 shares. Based on an average daily trading volume, of 127,900 shares, the days-to-cover ratio is presently 15.6 days. Currently, 1.0% of the company's stock 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, February 7th 2024. View our GIB earnings forecast .

How were CGI's earnings last quarter?

CGI Inc. (NYSE:GIB) released its quarterly earnings data on Wednesday, November, 8th. The technology company reported $1.33 earnings per share for the quarter, hitting the consensus estimate of $1.33. The technology company earned $2.61 billion during the quarter, compared to analyst estimates of $2.62 billion. CGI had a trailing twelve-month return on equity of 20.74% and a net margin of 11.41%.

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 many different institutional and retail investors. Top institutional investors include Royal Bank of Canada (3.16%), Mackenzie Financial Corp (2.63%), Fiera Capital Corp (1.62%), National Bank of Canada FI (1.52%), The Manufacturers Life Insurance Company (1.49%) and Massachusetts Financial Services Co. MA (1.32%).

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 .

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

CGI Stock Price, News & Analysis (NYSE:GIB)

$100.34

-0.52 (-0.52%)

(As of 01:20 PM ET)

Compare

Today's Range: $99.86
▼
$101.35
50-Day Range: $93.51
▼
$102.52
52-Week Range: $83.35
▼
$107.66

Volume: 49,292 shs
Average Volume: 139,513 shs
Market Capitalization: $23.62 billion

P/E Ratio: 19.71
Dividend Yield: N/A
Price Target: $117.25

CGI MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 16.6% Upside
$117.25 Price Target
Short Interest: Bearish
0.99% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.40
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.91%
From $5.55 to $6.10 Per Share

Overall MarketRank^™

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

1.55 out of 5 stars

Computer And Technology Sector

522nd out of 598 stocks

Management Consulting Services Industry

15th out of 16 stocks

1.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $117.25, CGI has a forecasted upside of 16.6% from its current price of $100.52.
Amount of Analyst Coverage
CGI has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
0.99% 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 15.6, which indicates bearish sentiment.
Change versus previous month
Short interest in CGI has recently increased by 5.82%, 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.

4.1

News and Social Media Coverage

News Sentiment
CGI has a news sentiment score of 1.40. 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 higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for CGI this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for GIB on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
3 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 9.91% in the coming year, from $5.55 to $6.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CGI is 19.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of CGI is 19.75, 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 222.20.
Price to Earnings Growth Ratio
CGI has a PEG Ratio of 1.87. 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 3.84. 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 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

30 days | 90 days | 365 days | Advanced Chart

GIB Stock News Headlines

November 28, 2023 | finance.yahoo.com

CGI Federal & All In Solutions form Adcredo IT Solutions, a joint venture to serve federal agencies through managed services, AI and advanced data analytics

November 27, 2023 | finance.yahoo.com

CGI joins Microsoft Intelligent Security Association (MISA)

November 29, 2023 | Autonomix (Ad)

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November 8, 2023 | theglobeandmail.com

CGI reports $414.5-million fourth-quarter profit, revenue also higher

November 8, 2023 | finance.yahoo.com

CGI reports strong fourth quarter and Fiscal 2023 results

November 8, 2023 | seekingalpha.com

CGI Inc. 2023 Q4 - Results - Earnings Call Presentation

November 1, 2023 | finance.yahoo.com

CGI to release fourth quarter and fiscal 2023 results on November 8

October 21, 2023 | theglobeandmail.com

CGI: Top 10 Undervalued Growth Stocks on TSX (GIB-A)

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

October 18, 2023 | markets.businessinsider.com

CGI To Advance Environmental Regulatory Mission, Modernize Systems, Technology For U.S. EPA

October 18, 2023 | finance.yahoo.com

CGI to advance environmental regulatory mission, modernize systems, technology for U.S. Environmental Protection Agency under $522.6 million multi-year contract

October 11, 2023 | msn.com

CGI Amplifies Miami Presence: Snaps Up IT Fim Momentum Consulting

October 11, 2023 | finance.yahoo.com

CGI expands its presence in Miami with acquisition of Momentum Consulting Corp.

October 10, 2023 | morningstar.com.au

How will AI affect investors? Clues from this year’s annual meetings

October 5, 2023 | finance.yahoo.com

CGI (TSE:GIB.A) shareholders have earned a 12% CAGR over the last five years

October 3, 2023 | seekingalpha.com

CGI Inc.: I Like The Business But Not The Valuation

September 20, 2023 | markets.businessinsider.com

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

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

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)

See More Headlines

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Company Calendar

Last Earnings: 11/08/2023
Today: 11/29/2023
Next Earnings (Estimated): 2/07/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

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 Target: $117.25
High Stock Price Target: $125.00
Low Stock Price Target: $100.00
Potential Upside/Downside: +16.6%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.09
Trailing P/E Ratio: 19.75
Forward P/E Ratio: 18.11
P/E Growth: 1.87
Net Income: $1.21 billion
Net Margins: 11.41%
Pretax Margin: 15.37%
Return on Equity: 20.74%
Return on Assets: 10.53%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 1.06
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $10.60 billion
Price / Sales: 2.23
Cash Flow: $6.88 per share
Price / Cash Flow: 14.61
Book Value: $26.18 per share
Price / Book: 3.84

Miscellaneous

Outstanding Shares: 235,370,000
Free Float: 212,070,000
Market Cap: $23.66 billion
Optionable: Optionable
Beta: 0.91

Social Links

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Key Executives

Mr. Serge Godin (Age 74)
Founder & Executive Chairman of the Board
Comp: $3.5M
Ms. Julie Godin (Age 48)
Co-Chair of the Board and Executive VP of Strategic Planning & Corporate Development
Comp: $1.19M
Mr. George D. Schindler (Age 60)
President, CEO & Director
Comp: $4.38M
Mr. Francois Boulanger
President & COO
Mr. Jean-Michel Baticle
President, COO and President of Western & Southern Europe Operations
Mr. Andre Imbeau (Age 73)
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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of CGI was last updated on Tuesday, November 28, 2023 at 9:35 PM.

Pros

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

Strong presence in various sectors: CGI Inc. 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. This diversification provides the company with multiple revenue streams and reduces its dependence on any single industry.
Global operations: CGI Inc. 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. This global presence allows the company to tap into various markets and capitalize on growth opportunities worldwide.
Comprehensive IT and business process services: CGI Inc. offers a wide range of services including business and strategic IT consulting, systems integration, software solutions, application development, modernization and maintenance, enterprise digitization, automation, hybrid and cloud management, and business process services. This comprehensive suite of services positions the company as a one-stop solution provider for its clients.
Managed IT services and IT infrastructure services: CGI Inc. provides managed IT services and IT infrastructure services, which can help clients optimize their IT operations, reduce costs, and improve efficiency. These services are in high demand as organizations increasingly rely on technology to drive their business processes.
Recent name change and rebranding: CGI Inc. changed its name from CGI Group Inc. in January 2019. This rebranding effort reflects the company's evolution and commitment to delivering innovative IT and business process services. The name change can help enhance CGI Inc.'s brand recognition and attract new clients and investors.

Cons

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

Market volatility: The stock market can be volatile, and the price of CGI Inc. shares may fluctuate significantly. Investors should be prepared for potential price volatility and carefully consider their risk tolerance before investing.
Competition in the IT services industry: CGI Inc. operates in a highly competitive industry, with many other companies offering similar IT and business process services. Increased competition could potentially impact CGI Inc.'s market share and profitability.
Dependency on client industries: CGI Inc.'s revenue is dependent on the industries it serves, such as government, banking, healthcare, and manufacturing. Any downturn or disruption in these industries could negatively impact the company's financial performance.
Currency exchange rate risk: CGI Inc. operates in multiple countries, which exposes it to currency exchange rate fluctuations. Changes in exchange rates can impact the company's financial results, especially when a significant portion of its revenue is generated in foreign currencies.
Regulatory and legal risks: As a global company, CGI Inc. is subject to various regulatory and legal requirements in the countries where it operates. Non-compliance with these regulations or legal issues could result in financial penalties, reputational damage, and legal liabilities.

GIB Stock Analysis - Frequently Asked Questions

What is CGI's stock price target for 2024?: 0 analysts have issued 1-year price targets for CGI's shares. Their GIB share price targets range from $100.00 to $125.00. On average, they expect the company's stock price to reach $117.25 in the next twelve months. This suggests a possible upside of 17.2% 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 the year. Since then, GIB shares have increased by 16.2% and is now trading at $100.07.
View the best growth stocks for 2023 here.
Are investors shorting CGI?: CGI saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,000,000 shares, an increase of 5.8% from the October 31st total of 1,890,000 shares. Based on an average daily trading volume, of 127,900 shares, the days-to-cover ratio is presently 15.6 days. Currently, 1.0% of the company's stock 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, February 7th 2024.
View our GIB earnings forecast.
How were CGI's earnings last quarter?: CGI Inc. (NYSE:GIB) released its quarterly earnings data on Wednesday, November, 8th. The technology company reported $1.33 earnings per share for the quarter, hitting the consensus estimate of $1.33. The technology company earned $2.61 billion during the quarter, compared to analyst estimates of $2.62 billion. CGI had a trailing twelve-month return on equity of 20.74% and a net margin of 11.41%.

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 many different institutional and retail investors. Top institutional investors include Royal Bank of Canada (3.16%), Mackenzie Financial Corp (2.63%), Fiera Capital Corp (1.62%), National Bank of Canada FI (1.52%), The Manufacturers Life Insurance Company (1.49%) and Massachusetts Financial Services Co. MA (1.32%).
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.
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 11/29/2023 by MarketBeat.com Staff

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