Research Analysts Issue Forecasts for CIGI Q4 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Research analysts at Stifel Canada boosted their Q4 2024 earnings per share estimates for shares of Colliers International Group in a research note issued on Wednesday, October 30th. Stifel Canada analyst D. Young now forecasts that the financial services provider will post earnings of $2.26 per share for the quarter, up from their previous estimate of $2.24. The consensus estimate for Colliers International Group’s current full-year earnings is $5.65 per share.

A number of other brokerages also recently commented on CIGI. Stifel Nicolaus increased their price target on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Raymond James cut Colliers International Group from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. National Bankshares lifted their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.33.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $152.64 on Friday. The firm has a 50-day moving average of $147.53 and a two-hundred day moving average of $128.33. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $7.50 billion, a P/E ratio of 51.92 and a beta of 1.49. Colliers International Group has a 1-year low of $83.38 and a 1-year high of $156.29.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 EPS.

Institutional Investors Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently bought and sold shares of CIGI. The Manufacturers Life Insurance Company grew its holdings in shares of Colliers International Group by 47.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock valued at $112,834,000 after purchasing an additional 326,453 shares during the last quarter. Clearbridge Investments LLC grew its stake in Colliers International Group by 91.3% during the 2nd quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock worth $34,677,000 after buying an additional 148,265 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in Colliers International Group in the second quarter worth $6,970,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Colliers International Group during the first quarter valued at $7,092,000. Finally, Victory Capital Management Inc. grew its position in shares of Colliers International Group by 5.9% during the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock worth $82,973,000 after acquiring an additional 41,225 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.