Scotiabank Has Negative Outlook of CGI Group FY2026 Earnings

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Research analysts at Scotiabank cut their FY2026 EPS estimates for shares of CGI Group in a note issued to investors on Tuesday, August 4th. Scotiabank analyst K. Krishnaratne now anticipates that the technology company will earn $6.41 per share for the year, down from their previous forecast of $6.58. The consensus estimate for CGI Group’s current full-year earnings is $6.39 per share. Scotiabank also issued estimates for CGI Group’s FY2027 earnings at $6.95 EPS.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of CGI Group in a research note on Wednesday, June 24th. Royal Bank Of Canada lowered shares of CGI Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $150.00 to $100.00 in a research note on Thursday, April 30th. UBS Group reduced their price target on shares of CGI Group from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, TD Securities downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $83.67.

CGI Group Price Performance

GIB stock opened at $74.18 on Friday. CGI Group has a 12-month low of $59.63 and a 12-month high of $97.55. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 12.72 and a beta of 0.46. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $67.29 and its two-hundred day moving average price is $71.62.

Institutional Trading of CGI Group

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of CGI Group by 21.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,334 shares of the technology company’s stock worth $98,000 after acquiring an additional 237 shares during the last quarter. Strive Financial Group LLC acquired a new position in CGI Group in the 4th quarter valued at $37,000. Crestwood Advisors Group LLC grew its holdings in shares of CGI Group by 14.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 4,606 shares of the technology company’s stock worth $425,000 after buying an additional 572 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of CGI Group by 38.3% in the first quarter. Glenmede Trust Co. NA now owns 3,409 shares of the technology company’s stock worth $249,000 after buying an additional 944 shares in the last quarter. Finally, Ethic Inc. boosted its position in CGI Group by 13.4% during the fourth quarter. Ethic Inc. now owns 9,804 shares of the technology company’s stock worth $905,000 after acquiring an additional 1,158 shares during the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. CGI Group’s dividend payout ratio is presently 8.06%.

CGI Group Company Profile

CGI Group Inc is a global information technology and business consulting firm that delivers a broad range of services including IT consulting, systems integration, application development and maintenance, infrastructure and network services, managed IT and business process outsourcing. The company works with clients to design, build and operate IT systems and business solutions, with capabilities spanning cloud and hybrid IT environments, cybersecurity, data analytics and artificial intelligence, digital transformation and enterprise resource planning implementations.

Founded in 1976 in Quebec by Serge Godin and André Imbeau, CGI has grown from a regional systems integrator into a multinational professional services organization.