CGI (TSE:GIB.A) Announces Quarterly Earnings Results

CGI (TSE:GIB.A) (NYSE:GIB) released its earnings results on Wednesday. The company reported C$2.31 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$4.15 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.

CGI Price Performance

TSE:GIB.A opened at C$116.81 on Friday. CGI has a 52 week low of C$83.34 and a 52 week high of C$131.97. The firm has a market cap of C$24.19 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 2.24 and a beta of 0.29. The firm’s 50-day simple moving average is C$104.88 and its 200 day simple moving average is C$100.22. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

CGI News Summary

Investors following GIB.A have been watching these news items:

• Positive Sentiment: CGI reported quarterly EPS of C$2.31 and revenue of C$4.15 billion. Its earnings call was also described as highlighting growth, AI momentum and expansion, themes that could support the company’s outlook. CGI earnings call highlights
• Neutral Sentiment: TD raised its target to C$125 but maintained a “hold” rating, signaling a more measured view. TD rating
• Negative Sentiment: Scotia and RBC raised their targets but retained “sector perform” ratings, with targets of C$110 and C$115, respectively—both below the cited share price. Separately, a report characterized Q4 EPS and revenue as 29% below estimates, which could weigh on sentiment despite the reported results. Scotia rating RBC rating Q4 earnings report

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on CGI from C$120.00 to C$130.00 and gave the stock a “buy” rating in a report on Thursday. National Bank Financial upped their price objective on CGI from C$135.00 to C$145.00 and gave the company an “outperform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce upped their price objective on CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. TD raised their price objective on CGI from C$118.00 to C$125.00 and gave the company a “hold” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their target price on CGI from C$117.00 to C$132.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, CGI presently has an average rating of “Moderate Buy” and an average target price of C$128.85.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.