Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI - Scotiabank cut their FY2025 earnings per share estimates for Colliers International Group in a report issued on Wednesday, March 19th. Scotiabank analyst H. Gupta now expects that the financial services provider will post earnings of $6.06 per share for the year, down from their prior forecast of $6.49. Scotiabank currently has a "Sector Outperform" rating and a $166.00 target price on the stock. The consensus estimate for Colliers International Group's current full-year earnings is $6.20 per share.
Colliers International Group (NASDAQ:CIGI - Get Free Report) 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%.
A number of other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Raymond James reduced their price target on 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. CIBC initiated coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price for the company. The Goldman Sachs Group lowered their target price on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.40.
View Our Latest Analysis on Colliers International Group
Colliers International Group Stock Down 1.1 %
Colliers International Group stock traded down $1.36 during mid-day trading on Monday, reaching $122.84. The company's stock had a trading volume of 164,980 shares, compared to its average volume of 113,175. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The business's 50 day simple moving average is $131.36 and its 200 day simple moving average is $140.81. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 38.51 and a beta of 1.58.
Hedge Funds Weigh In On Colliers International Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 298 shares during the last quarter. Plato Investment Management Ltd raised its holdings in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 118 shares in the last quarter. Tobam lifted its holdings in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Colliers International Group in the fourth quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Colliers International Group by 44.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after buying an additional 378 shares during the period. Institutional investors own 80.09% of the company's stock.
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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