Scotiabank Has Pessimistic View of CIGI FY2025 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Equities researchers at Scotiabank decreased their FY2025 earnings estimates for Colliers International Group in a report released on Wednesday, March 19th. Scotiabank analyst H. Gupta now expects that the financial services provider will post earnings per share of $6.06 for the year, down from their previous forecast of $6.49. Scotiabank has a “Sector Outperform” rating and a $166.00 price objective on the stock. The consensus estimate for Colliers International Group’s current full-year earnings is $6.20 per share.

A number of other research firms also recently weighed in on CIGI. Raymond James decreased their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a report on Friday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Royal Bank of Canada lifted their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, CIBC started coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.40.

Colliers International Group Stock Down 0.9 %

CIGI stock opened at $122.67 on Monday. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.05 billion, a P/E ratio of 38.45 and a beta of 1.58. The firm has a 50 day simple moving average of $131.67 and a 200-day simple moving average of $141.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds have recently added to or reduced their stakes in CIGI. Durable Capital Partners LP raised its stake in shares of Colliers International Group by 4.0% during the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock valued at $359,549,000 after purchasing an additional 102,586 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock valued at $253,867,000 after purchasing an additional 21,422 shares in the last quarter. FIL Ltd raised its stake in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock valued at $210,449,000 after purchasing an additional 832,583 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares in the last quarter. Finally, Alberta Investment Management Corp raised its stake in shares of Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock valued at $85,143,000 after purchasing an additional 20,794 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

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.