Brokers Issue Forecasts for CIGI Q3 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Investment analysts at National Bank Financial issued their Q3 2024 earnings estimates for Colliers International Group in a research note issued to investors on Monday, October 21st. National Bank Financial analyst M. Sytchev expects that the financial services provider will post earnings per share of $1.43 for the quarter. The consensus estimate for Colliers International Group’s current full-year earnings is $5.66 per share. National Bank Financial also issued estimates for Colliers International Group’s Q4 2024 earnings at $2.25 EPS, FY2024 earnings at $5.62 EPS and FY2025 earnings at $6.34 EPS.

Several other equities research analysts also recently commented on CIGI. Royal Bank of Canada upped their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank upped their price target on shares of Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a research report on Friday, August 2nd. National Bankshares upped their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. BMO Capital Markets increased their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus increased their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $158.33.

Colliers International Group Stock Up 4.8 %

Shares of NASDAQ:CIGI opened at $154.91 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $7.58 billion, a PE ratio of 75.57 and a beta of 1.49. Colliers International Group has a 52 week low of $83.38 and a 52 week high of $155.09. The firm has a 50 day simple moving average of $146.35 and a 200 day simple moving average of $127.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 earnings per share.

Institutional Investors Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Addenda Capital Inc. lifted its position in Colliers International Group by 8.8% in the 1st quarter. Addenda Capital Inc. now owns 127,362 shares of the financial services provider’s stock worth $15,567,000 after buying an additional 10,340 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Colliers International Group by 33.9% during the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock valued at $2,015,000 after purchasing an additional 4,169 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Colliers International Group by 13.6% during the 1st quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider’s stock valued at $4,251,000 after purchasing an additional 4,170 shares in the last quarter. Swiss National Bank raised its holdings in shares of Colliers International Group by 0.5% during the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock valued at $10,044,000 after purchasing an additional 400 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Colliers International Group during the 2nd quarter valued at $567,000. 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.