Equities Analysts Issue Forecasts for CIGI FY2025 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Analysts at Raymond James reduced their FY2025 earnings estimates for shares of Colliers International Group in a research note issued to investors on Tuesday, January 21st. Raymond James analyst F. Bastien now forecasts that the financial services provider will earn $6.66 per share for the year, down from their prior estimate of $6.96. The consensus estimate for Colliers International Group’s current full-year earnings is $5.41 per share.

A number of other analysts have also commented on the stock. Royal Bank of Canada boosted their price objective 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. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target on the stock. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Scotiabank increased their price target on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and an average target price of $162.44.

Colliers International Group Trading Up 1.8 %

NASDAQ:CIGI opened at $140.36 on Wednesday. The company has a market cap of $7.08 billion, a P/E ratio of 44.70 and a beta of 1.49. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The business has a 50 day moving average price of $141.99 and a two-hundred day moving average price of $142.16. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is 9.55%.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its stake in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after buying an additional 124 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group in the third quarter valued at approximately $112,000. Blue Trust Inc. increased its stake in shares of Colliers International Group by 197.8% during the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 619 shares during the period. Stonegate Investment Group LLC acquired a new stake in Colliers International Group during the 3rd quarter worth approximately $264,000. Finally, HighTower Advisors LLC boosted its stake in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 254 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Company Profile

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.