NYSE:GIB

CGI - GIB Stock Forecast, Price & News

$85.79

+0.72 (+0.85%)

(As of 12/7/2022 12:27 PM ET)

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Today's Range: $84.81
▼
$86.14
50-Day Range: $74.01
▼
$88.73
52-Week Range: $72.23
▼
$89.11

Volume: 1,155 shs
Average Volume: 126,970 shs
Market Capitalization: $20.48 billion

P/E Ratio: 18.14
Dividend Yield: N/A
Price Target: $126.05

CGI MarketRank™ Forecast

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 46.5% Upside
$126.05 Price Target
Short Interest: Bearish
0.78% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.28
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.84%
From $4.98 to $5.42 Per Share

Overall MarketRank^™

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

2.11 out of 5 stars

Computer And Technology Sector

312th out of 627 stocks

Management Consulting Services Industry

13th out of 17 stocks

3.1

Analyst's Opinion

Consensus Rating
CGI has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $126.05, CGI has a forecasted upside of 46.5% from its current price of $86.04.
Amount of Analyst Coverage
CGI has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.78% 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 12.1, which indicates bearish sentiment.
Change versus previous month
Short interest in CGI has recently decreased by 2.98%, indicating that investor sentiment is improving.

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.

1.8

News and Social Media Coverage

News Sentiment
CGI has a news sentiment score of 0.28. 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 0.44 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for CGI this week, compared to 2 articles on an average week.
MarketBeat Follows
6 people have added CGI to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 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
48.92% 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 8.84% in the coming year, from $4.98 to $5.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CGI is 18.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of CGI is 18.19, 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 339.87.
Price to Earnings Growth Ratio
CGI has a PEG Ratio of 1.92. 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 3.61. 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 offers 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.

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GIB Stock News Headlines

December 7, 2022 | finance.yahoo.com

CGI opens new center of excellence to enable business and societal transformation through space and geospatial data solutions

December 5, 2022 | americanbankingnews.com

CGI Inc. (NYSE:GIB) Receives Consensus Rating of "Hold" from Brokerages

November 30, 2022 | finance.yahoo.com

VIA Rail Canada engages CGI for long-term partnership on its new reservation system to be launched in 2023

November 27, 2022 | americanbankingnews.com

CGI (NYSE:GIB) Downgraded by StockNews.com to "Hold"

November 17, 2022 | finance.yahoo.com

IDC MarketScape names CGI as a leader in Canadian artificial intelligence (AI) services

November 11, 2022 | finance.yahoo.com

CGI Full Year 2022 Earnings: In Line With Expectations

November 9, 2022 | finance.yahoo.com

CGI reports strong fourth quarter and Fiscal 2022 results

October 28, 2022 | finance.yahoo.com

3 Stocks to Watch From the Prospering Computer-Services Industry

October 25, 2022 | finance.yahoo.com

IDC MarketScape names CGI a 'Leader' in 2022 for Industrial Internet-of-Things Service Providers for Utilities

October 20, 2022 | finance.yahoo.com

CGI's (TSE:GIB.A) investors will be pleased with their notable 55% return over the last five years

October 19, 2022 | finance.yahoo.com

CGI named one of the 'World's Best Employers' by Forbes

October 11, 2022 | finance.yahoo.com

/R E P E A T -- CGI and Aktia announce strategic business and IT partnership/

October 10, 2022 | nasdaq.com

CGI Inc - Class A Shares Approach 52-Week Low - Market Mover - Nasdaq

October 6, 2022 | finance.yahoo.com

HSBC launches digital platform that revolutionises trade finance

October 3, 2022 | finance.yahoo.com

CGI to showcase metaverse innovation and sustainable technology solutions to fight climate change during COP27

September 29, 2022 | bloomberg.com

CGI's Schindler on Tech Innovation and Business - Bloomberg

September 21, 2022 | finance.yahoo.com

CGI, UiPath announce enhanced managed services partnership to accelerate digital transformation through automation

September 20, 2022 | nytimes.com

Bill, Hillary and Chelsea Clinton Return to Center Stage. Their Own. - The New York Times

September 17, 2022 | msn.com

10 dumbest uses of CGI in movies - msnNOW

September 14, 2022 | finance.yahoo.com

The Returns At CGI (TSE:GIB.A) Aren't Growing

September 13, 2022 | benzinga.com

Global Enterprise Asset Management Market Analysis Report 2022 Featuring ABB, AssetsWorks, CGI, IFS, Inf - Benzinga

September 13, 2022 | finance.yahoo.com

CGI introduces Sunflower® Work Management solution

September 11, 2022 | reuters.com

GIB.N - CGI Inc | Stock Price & Latest News | Reuters

September 6, 2022 | nypost.com

Fans spot 'House of the Dragon' CGI fingers mistake in Episode 3 - New York Post

September 1, 2022 | nasdaq.com

CGI is Now Oversold (GIB) - Nasdaq

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30 days | 90 days | 365 days | Advanced Chart

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GIB Company Calendar

Last Earnings: 11/10/2021
Today: 12/07/2022
Next Earnings (Estimated): 2/01/2023
Fiscal Year End: 9/30/2023

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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: 80,000
Year Founded: 1976

Price Target and Rating

Average Stock Price Forecast: $126.05
High Stock Price Forecast: $135.00
Low Stock Price Forecast: $85.44
Forecasted Upside/Downside: +46.9%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.73
Trailing P/E Ratio: 18.14
Forward P/E Ratio: 17.23
P/E Growth: 1.92
Net Income: $1.15 billion
Net Margins: 11.40%
Pretax Margin: 15.29%
Return on Equity: 21.14%
Return on Assets: 9.99%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 1.19
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $10.08 billion
Price / Sales: 2.03
Cash Flow: $6.36 per share
Price / Cash Flow: 13.49
Book Value: $23.85 per share
Price / Book: 3.60

Miscellaneous

Outstanding Shares: 238,730,000
Free Float: 215,098,000
Market Cap: $20.48 billion
Optionable: Optionable
Beta: 0.95

Social Links

Key Executives

Mr. Serge Godin (Age 73)
Founder & Exec. Chairman
Comp: $3M

Ms. Julie Godin (Age 47)
Co-Chair of the Board and Exec. VP of Strategic Planning & Corp. Devel.

Mr. George D. Schindler (Age 59)
Pres, CEO & Director
Comp: $3.73M

Mr. François Boulanger
Pres & COO

Mr. Andre Imbeau (Age 72)
Co-Founder, Advisor to the Exec. Chairman & Director

Mr. Timothy J. Hurlebaus
Pres of United States Operations, Commercial & State Gov.

Mr. Steve Perron
Exec. VP & CFO

Ms. Leslie McKay
Sr. VP & Chief Information Officer

Mr. Kevin Morris Linder CA
CPA, Sr. VP of Fin. & Treasury and Head of Investor Relations

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GIB Stock - Frequently Asked Questions

Should I buy or sell CGI stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GIB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GIB, but not buy additional shares or sell existing shares.
View GIB analyst ratings or view top-rated stocks.
What is CGI's stock price forecast for 2023?: 4 Wall Street research analysts have issued 12-month price targets for CGI's stock. Their GIB share price forecasts range from $85.44 to $135.00. On average, they expect the company's stock price to reach $126.05 in the next year. This suggests a possible upside of 46.4% 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 2022?: CGI's stock was trading at $88.50 at the beginning of the year. Since then, GIB stock has decreased by 2.7% and is now trading at $86.11.
View the best growth stocks for 2022 here.
When is CGI's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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, beating the consensus estimate of $1.09 by $0.04. The technology company had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.38 billion. CGI had a trailing twelve-month return on equity of 21.14% and a net margin of 11.40%. During the same period in the prior year, the business earned $0.92 EPS.
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."
Who are CGI's major shareholders?: CGI's stock is owned by a number of institutional and retail investors. Top institutional investors include Caisse DE Depot ET Placement DU Quebec (9.34%), Vanguard Group Inc. (3.00%), Jarislowsky Fraser Ltd (2.96%), Mackenzie Financial Corp (2.13%), Massachusetts Financial Services Co. MA (1.86%) and Fiera Capital Corp (1.51%).
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 $86.11.
How much money does CGI make?: CGI (NYSE:GIB) has a market capitalization of $20.56 billion and generates $10.08 billion in revenue each year. The technology company earns $1.15 billion in net income (profit) each year or $4.73 on an earnings per share basis.
How many employees does CGI have?: The company employs 80,000 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.
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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 12/7/2022 by MarketBeat.com Staff

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