CGI Looks Fully Valued Here, But M&A Opportunities May Be Attractive [Seeking Alpha]
CGI Inc. (GIB)
Last cgi inc. earnings: 4/29 06:30 am
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US:NYSE Investor Relations:
cgi.com/en/investors
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Source: Seeking Alpha
The global market for digital transformation consulting is expected to reach $235 billion by 2031, driving growth for CGI. A larger portion of CGI's revenue is generated from outsourcing services, which have proven to be more stable than its consulting segment. Until clients increase their discretionary spending, I'm on Hold for CGI Inc., although management may see greater M&A opportunities in the near term. Investment Outlook CGI Inc. NYSE: GIB ) provides a range of consulting and outsourcing services to organizations worldwide. I previously wrote about CGI in June 2023 with a Hold outlook on slower client spending. The slower current period for Recommended For You
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GIB
News
- CGI Inc. (NYSE: GIB) had its price target lowered by analysts at CIBC from $169.00 to $165.00. They now have an "outperformer" rating on the stock.MarketBeat
- CGI Inc. (NYSE: GIB) was upgraded by analysts at TD Securities from a "hold" rating to a "buy" rating.MarketBeat
- CGI reports second quarter Fiscal 2024 results [Yahoo! Finance]Yahoo! Finance
- CGI reports second quarter Fiscal 2024 resultsPR Newswire
- Tuesday's TSX breakouts: After hitting a record high in March, this stock has plunged into oversold territory [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
GIB
Earnings
- 5/1/24 - Beat
GIB
Sec Filings
- 5/1/24 - Form 6-K
- 2/14/24 - Form SC
- 2/9/24 - Form SC
- GIB's page on the SEC website