Scotiabank Has Negative Forecast for CIGI FY2025 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Stock analysts at Scotiabank cut their FY2025 EPS estimates for Colliers International Group in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst H. Gupta now forecasts that the financial services provider will earn $6.06 per share for the year, down from their previous forecast 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.

CIGI has been the topic of a number of other reports. Raymond James reduced their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. National Bankshares decreased their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Cibc World Mkts upgraded Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. Colliers Securities set a $160.00 price objective on Colliers International Group in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada increased their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Four research 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $164.40.

Colliers International Group Stock Performance

Colliers International Group stock opened at $124.68 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The company has a fifty day moving average price of $131.58 and a two-hundred day moving average price of $140.93. The company has a market cap of $6.15 billion, a PE ratio of 39.08 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results 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 return on equity of 20.38% and a net margin of 3.35%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CIGI. Tobam grew its position in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after buying an additional 98 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of Colliers International Group by 16.0% during the fourth 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 during the period. Pictet Asset Management Holding SA raised its holdings in Colliers International Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 144 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in Colliers International Group by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock worth $4,681,000 after purchasing an additional 151 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Colliers International Group by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 180 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

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.