Stifel Canada Has Positive Forecast for CIGI Q4 Earnings

Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI - Equities researchers at Stifel Canada raised their Q4 2024 earnings estimates for shares of Colliers International Group in a note issued to investors on Wednesday, October 30th. Stifel Canada analyst D. Young now anticipates that the financial services provider will post earnings of $2.26 per share for the quarter, up from their prior 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 - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company posted $1.21 earnings per share. Colliers International Group's revenue for the quarter was up 5.7% on a year-over-year basis.

A number of other brokerages have also weighed in on CIGI. Stifel Nicolaus upped their target price on Colliers International Group from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. National Bankshares raised their target price on shares of Colliers International Group from $125.00 to $137.00 and gave the company a "sector perform" rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Raymond James cut shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and raised their price objective for the company from $150.00 to $160.00 in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.33.

Colliers International Group Price Performance

Shares of Colliers International Group stock traded down $0.70 during trading on Friday, hitting $151.94. The stock had a trading volume of 78,711 shares, compared to its average volume of 112,629. 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 $83.38 and a 12 month high of $156.29. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 52.74 and a beta of 1.49. The business's 50-day moving average is $147.73 and its 200 day moving average is $128.50.

Institutional Trading of Colliers International Group

Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Colliers International Group by 575.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider's stock worth $30,000 after buying an additional 207 shares during the period. Blue Trust Inc. lifted its position in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 304 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 valued at $56,000 after purchasing an additional 316 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Colliers International Group in the first quarter worth approximately $118,000. Finally, Tobam increased its stake 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 worth $159,000 after buying an additional 846 shares during the period. 80.09% of the stock is 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.