CGI (GIB) Stock Forecast, Price & News

2 Wall Street equities 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 equities research analysts is that investors should "buy" GIB shares.
View GIB analyst ratings or view top-rated stocks.

2 equities research analysts have issued twelve-month target prices for CGI's stock. Their GIB share price forecasts range from $125.00 to $146.00. On average, they expect the company's stock price to reach $139.11 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price.
View analysts price targets for GIB or view top-rated stocks among Wall Street analysts.

CGI's stock was trading at $86.13 at the beginning of 2023. Since then, GIB stock has increased by 20.1% and is now trading at $103.47.
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CGI saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 958,200 shares, an increase of 19.0% from the April 30th total of 804,900 shares. Based on an average trading volume of 157,000 shares, the days-to-cover ratio is presently 6.1 days. Currently, 0.5% of the company's shares are sold short.
View CGI's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our GIB earnings forecast.

CGI Inc. (NYSE:GIB) announced its quarterly earnings results on Wednesday, November, 10th. The technology company reported $1.13 earnings per share (EPS) 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 analyst estimates of $2.38 billion. CGI had a trailing twelve-month return on equity of 20.81% and a net margin of 11.18%. During the same period in the previous year, the company earned $0.92 EPS.

ETFs with the largest weight of CGI (NYSE:GIB) stock in their portfolio include iShares International Equity Factor ETF (INTF), iShares MSCI Intl Value Factor ETF (IVLU), BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and iShares MSCI Intl Quality Factor ETF (IQLT).iShares Expanded Tech Sector ETF (IGM).

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).

CGI trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIB."

CGI's stock is owned by a variety of retail and institutional investors. Top institutional investors include Caisse DE Depot ET Placement DU Quebec (7.95%), FIL Ltd (3.90%), Jarislowsky Fraser Ltd (2.81%), Mackenzie Financial Corp (2.06%), National Bank of Canada FI (1.66%) and Fiera Capital Corp (1.54%).

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.
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One share of GIB stock can currently be purchased for approximately $103.47.

CGI (NYSE:GIB) has a market capitalization of $24.37 billion and generates $10.08 billion in revenue each year. The technology company earns $1.15 billion in net income (profit) each year or $4.82 on an earnings per share basis.

The company employs 90,000 workers across the globe.

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.