Stifel Canada Has Bullish Forecast for CIGI Q4 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Stifel Canada raised their Q4 2024 EPS 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 $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.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The company had revenue of $1.14 billion during 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%. Colliers International Group’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share.

CIGI has been the subject of several other research reports. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Raymond James downgraded shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. BMO Capital Markets lifted their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. National Bankshares increased 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 report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus price target of $158.33.

Colliers International Group Stock Down 0.5 %

Colliers International Group stock opened at $151.94 on Friday. The company has a market capitalization of $7.46 billion, a P/E ratio of 51.68 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03. Colliers International Group has a fifty-two week low of $83.38 and a fifty-two week high of $156.29. The stock has a 50-day simple moving average of $147.73 and a 200-day simple moving average of $128.50.

Institutional Trading of Colliers International Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. boosted its stake 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 worth $30,000 after acquiring an additional 207 shares in the last quarter. Blue Trust Inc. boosted its position in Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Colliers International Group by 252.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 316 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Colliers International Group in the first quarter valued at $118,000. Finally, Tobam increased its position in shares of Colliers International Group by 185.5% in the first quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after buying an additional 846 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.