Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 5.670-5.990 for the period, compared to the consensus EPS estimate of 6.080. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion.
Analyst Ratings Changes
Several research analysts have recently issued reports on CIGI shares. Royal Bank of Canada raised their target price on shares of 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 shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and raised their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Scotiabank raised their target price on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a "sector outperform" rating in a report on Friday, August 2nd. BMO Capital Markets raised their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a report on Friday, September 13th. Finally, StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.33.
View Our Latest Analysis on Colliers International Group
Colliers International Group Stock Performance
NASDAQ CIGI traded down $5.01 during trading hours on Tuesday, hitting $149.02. The company's stock had a trading volume of 416,002 shares, compared to its average volume of 114,027. Colliers International Group has a 12 month low of $94.85 and a 12 month high of $156.29. The company's 50 day simple moving average is $148.04 and its two-hundred day simple moving average is $129.40. The company has a market cap of $7.32 billion, a P/E ratio of 52.39 and a beta of 1.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03.
About Colliers International Group
(
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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.
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