What is Scotiabank’s Estimate for CIGI FY2025 Earnings?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Equities research analysts at Scotiabank cut their FY2025 earnings estimates for Colliers International Group in a note issued to investors on Wednesday, March 19th. Scotiabank analyst H. Gupta now anticipates that the financial services provider will post earnings per share of $6.06 for the year, down from their previous forecast of $6.49. Scotiabank has a “Sector Outperform” rating and a $166.00 price objective on the stock. The consensus estimate for Colliers International Group’s current full-year earnings is $6.20 per share.

Several other equities analysts also recently weighed in on CIGI. Royal Bank of Canada boosted their target price on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group dropped their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Finally, BMO Capital Markets cut their price target on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Trading Up 3.5 %

Shares of CIGI stock opened at $126.96 on Monday. The company has a market cap of $6.26 billion, a PE ratio of 39.80 and a beta of 1.58. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The stock’s 50 day simple moving average is $131.64 and its two-hundred day simple moving average is $141.03. 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 (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Investors Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIGI. Tobam grew its stake in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Plato Investment Management Ltd raised 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 in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Colliers International Group by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 144 shares during the period. Silvercrest Asset Management Group LLC grew its stake 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 in the last quarter. Finally, Alliancebernstein L.P. increased its holdings 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 worth $1,016,000 after purchasing an additional 180 shares during the period. Institutional investors own 80.09% of the company’s stock.

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.