CGI Group still has double-digit upside, says Cantor Fitzgerald

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Canada’s CGI Group (TSX:GIB.A) has enjoyed an extended multi-year run in its share price, but Cantor Fitzgerald Canada analyst Ralph Garcea says the company’s most recent quarterly results are evidence that the party isn’t over. Yesterday, CGI reported its fourth quarter and fiscal 2015 results. In its Q4, the company posted net earnings of $232.9-million […]

CGI Group’s pipeline of opportunities has never looked better, says Cantor

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With a large pipeline of business and margins back to where they were before the acquisition of Logica, things are looking great for CGI Group (TSX:GIB.A), says Cantor Fitzgerald Canada analyst Ralph Garcea. On Wednesday, CGI reported its Q2, 2015 results. The company earned $251.2-million on revenue of $2.6-billion. “Our focus on operational excellence continues […]

Computer Sciences Corporation acquisition could make sense for CGI, says Cormark


While he says has no information about a deal being imminent, Cormark analyst Richard Tse says the acquisition of Computer Sciences Corporation’s commercial businesses “could be compelling” for CGI Group (TSX:GIB.A, NYSE:GIB). Yesterday, shares of both CGI and CSC were up sharply on rumours that the latter was looking to split and then sell off […]

CGI Group gets price target raise to $58 at Cormark

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Cormark analyst Richard Tse says the combination of a big recurring revenue base, a solid backlog of orders, debt repayment, solid cash flow, and a share buyback program, are pointing to upside for CGI Group ((TSX:GIB.A). Shares of CGI rose yesterday and today after the company reported a first quarter that saw earnings grow by […]

Shares of CGI Group rise on first quarter earnings growth

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Shares of CGI Group (TSX:GIB.A) are up today after the company’s first quarter saw earnings grow by nearly 25%. In its Q1, 2015, CGI posted adjusted EBITDA of $344.0-million on revenue of $2.54-billion, a stealthier performance than the $302.9-million in EBITDA it delivered on a topline of $2.64-billion in last year’s first quarter. CEO Michael […]

CGI Group upgraded to “Buy” at Clarus Securities

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Increasing cash flow strength and the likelihood of a “material” M&A transaction around the corner has Clarus Securities analyst Eyal Ofir feeling good about CGI Group (TSX:GIB.A). Last Thursday, CGI Group reported its fourth quarter and fiscal 2014 results. For the quarter, the company posted adjusted EBITDA of $486-million on revenue of $2.48-billion, a topline […]

CGI Group is ready for its next leg up, says Cormark

Cormark analyst Richard Tse says representing CGI's recent decline in cash flow as a normalized run rate is simply not reflective of the the company's outlook going forward post the integration of Logica.

Cormark Securities analyst Richard Tse says he expects M&A will power another move in shares of CGI Group (TSX:GIB.A). On Thursday, before market open, CGI will report its fourth quarter and fiscal 2014 results. Tse, noting that this is a “seasonally soft” quarter says he expects results that are in-line with the street’s expectations. He […]

Get defensive with these Canadian tech stocks, says Cormark

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Many of Canada’s best technology names are mature companies with recurring revenue streams that make them particularly attractive in the current market downturn, says Cormark analyst Richard Tse. In a research report to clients this morning, Tse talked about a phenomenon that has seen certain companies that performed well in the bull market showing resilience […]

Look for continued margin improvement at CGI Group, says Paradigm

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Improved margins in the U.S. market helped drive a good quarter for CGI Group (TSX:GIB.A), and additional synergies from the company’s acquisition of Logica will continue to power its operating leverage, says Paradigm Capital analyst Gabriel Leung. Yesterday, before market, CGI reported its Q3, 2014 results. The company earned $225.1-million on revenue of $2.7-billion, a […]