| Over a week ago | ||||
CGI announced that it has… CGI announced that it has been selected by the U.S. Department of State, Office of Acquisition Management as a prime contractor on the Global Support Strategy for Overseas Consular Support Services 2.0 multiple award, Indefinite Delivery, Indefinite Quantity contract. CGI's awarded GSS 2.0 contract has a 10-year period of performance comprised of a 1-year Base Year and nine 1-year Option Periods; task orders will be competed among the three contract awardees against a cumulative $3.3B ceiling for all awarded IDIQ contracts. | ||||
CIBC analyst Stephanie… CIBC analyst Stephanie Price raised the firm's price target on CGI Inc. to C$105.50 from C$91.50 and keeps a Neutral rating on the shares. | ||||
CGI announced the… CGI announced the acquisition of Harris, Mackessy & Brennan's Professional Services Division, a division focused on high-end technology consulting and services for commercial and government clients. This merger further expands CGI's footprint in the region and its end to end services for clients. The transaction closed on December 31, 2020. HMB's Professional Services Division brings 165 consultants as well as robust consulting capabilities, a deep commercial client portfolio, expertise in the utilities market, and additional relationships with the State of Ohio to further expand CGI's footprint in Central Ohio and particularly within the Columbus metro market. | ||||
| Over a month ago | ||||
Conference call with CEO… Conference call with CEO Schindler will be held on December 2 hosted by BofA. | ||||
Conference call with CEO… Conference call with CEO Schindler will be held on December 2 hosted by BofA. | ||||
Goldman Sachs analyst… Goldman Sachs analyst Matthew O'Neill initiated coverage of CGI Inc. with a Neutral rating and $76 price target. The analyst sees positive momentum in the company's pipeline, but is cautious as CGI is exposed to "cyclically challenged" industries such as manufacturing and retail. | |
Raymond James analyst… Raymond James analyst Steven Li raised the firm's price target on CGI Inc. to C$106 from C$102 and keeps an Outperform rating on the shares. | |
Scotiabank analyst Paul… Scotiabank analyst Paul Steep raised the firm's price target on CGI Inc. to C$102 from C$101 and keeps an Outperform rating on the shares. | |
Reports Q4 revenue… Reports Q4 revenue C$2.93B vs. C$2.96B last year. Reports Q4 bookings of C$3.47B, for a book-to-bill of 118.8%. Reports Q4 backlog of C$22.67B or 1.9x of annual revenue. "CGI ended the fourth quarter and fiscal year 2020 with strong results when considering the circumstances our team had to adapt to in order to deliver on our commitments to each of our three stakeholders. Our performance reflected the talent and dedication of our consultants, the relevance of our end to end services and the resilience of our business model," said president and CEO, George Schindler. "In the quarter, our trusted client relationships led to rising bookings and superior cash generation. We see a healthy pipeline of opportunities for profitable growth through both build and buy and we are well positioned to continue creating value for our clients as they increasingly rely on technology to navigate these dynamic times." | |
Scotiabank analyst Paul… Scotiabank analyst Paul Steep lowered the firm's price target on CGI Inc. to C$101 from C$102 and keeps an Outperform rating on the shares. |