Scotiabank Equities Analysts Cut Earnings Estimates for CIGI

Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI - Equities research analysts at Scotiabank cut their FY2025 EPS estimates for shares of Colliers International Group in a research report issued to clients and investors 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 previous estimate of $6.49. Scotiabank has a "Sector Outperform" rating and a $166.00 price target on the stock. The consensus estimate for Colliers International Group's current full-year earnings is $6.20 per share.

A number of other equities analysts also recently weighed in on CIGI. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Raymond James reduced their target price on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Royal Bank of Canada upped their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, BMO Capital Markets dropped their target price on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Four 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 company. Based on data from MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and an average price target of $164.40.

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Colliers International Group Trading Down 2.0 %

Shares of CIGI stock traded down $2.53 during trading hours on Monday, hitting $124.44. 35,496 shares of the company were exchanged, compared to its average volume of 112,643. The firm has a fifty day moving average of $131.64 and a 200 day moving average of $141.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The firm has a market cap of $6.13 billion, a PE ratio of 39.01 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%.

Institutional Trading of Colliers International Group

A number of hedge funds and other institutional investors have recently modified their holdings of CIGI. Thrivent Financial for Lutherans acquired a new stake in shares of Colliers International Group in the 3rd quarter valued at about $2,581,000. Massachusetts Financial Services Co. MA grew its position in shares of Colliers International Group by 93.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider's stock valued at $18,491,000 after buying an additional 58,858 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock worth $54,461,000 after acquiring an additional 128,005 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Colliers International Group by 3.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider's stock worth $1,420,000 after purchasing an additional 291 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its holdings in shares of Colliers International Group by 3.1% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 14,045 shares of the financial services provider's stock worth $2,132,000 after purchasing an additional 426 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.