Stifel Canada Issues Negative Forecast for CIGI Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Investment analysts at Stifel Canada decreased their Q3 2024 earnings per share estimates for shares of Colliers International Group in a research report issued on Wednesday, October 30th. Stifel Canada analyst D. Young now forecasts that the financial services provider will post earnings of $1.35 per share for the quarter, down from their prior estimate of $1.46. The consensus estimate for Colliers International Group’s current full-year earnings is $5.65 per share. Stifel Canada also issued estimates for Colliers International Group’s FY2024 earnings at $5.55 EPS and FY2025 earnings at $6.74 EPS.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada boosted their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Raymond James cut Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Scotiabank boosted their price target on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets lifted their price objective on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.33.

Colliers International Group Stock Up 1.4 %

NASDAQ CIGI opened at $154.03 on Monday. The stock’s 50 day moving average is $147.86 and its 200 day moving average is $129.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. Colliers International Group has a 12 month low of $94.85 and a 12 month high of $156.29. The stock has a market cap of $7.57 billion, a PE ratio of 52.39 and a beta of 1.50.

Hedge Funds Weigh In On Colliers International Group

Large investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. increased its position in shares of Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. grew its position in Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Colliers International Group in the 1st quarter valued at $118,000. Finally, Tobam grew its position in Colliers International Group by 185.5% in the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 846 shares during the last quarter. Institutional investors 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.