Scotiabank Analysts Decrease Earnings Estimates for CIGI

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Investment analysts at Scotiabank decreased their FY2026 earnings estimates for Colliers International Group in a report issued on Wednesday, November 11th. Scotiabank analyst H. Gupta now expects that the financial services provider will earn $6.83 per share for the year, down from their prior estimate of $6.86. Scotiabank currently has a “Sector Outperform” rating and a $130.00 price target on the stock. The consensus estimate for Colliers International Group’s current full-year earnings is $6.89 per share. Scotiabank also issued estimates for Colliers International Group’s FY2027 earnings at $7.53 EPS.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Wednesday, November 4th. The financial services provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.03. Colliers International Group had a net margin of 1.18% and a return on equity of 21.28%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year.

A number of other brokerages have also weighed in on CIGI. Raymond James Financial reduced their price objective on shares of Colliers International Group from $160.00 to $150.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 5th. Royal Bank Of Canada decreased their price objective on shares of Colliers International Group from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. Scotia lowered their target price on shares of Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a research note on Friday, July 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Colliers International Group in a report on Tuesday, November 3rd. Finally, National Bank Financial increased their target price on Colliers International Group from $109.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.71.

Colliers International Group Trading Down 3.6%

NASDAQ CIGI opened at $88.65 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.18 and a debt-to-equity ratio of 1.55. Colliers International Group has a 52 week low of $83.21 and a 52 week high of $152.71. The stock has a market capitalization of $4.53 billion, a PE ratio of 14.39 and a beta of 1.18. The firm has a 50 day moving average of $92.27 and a two-hundred day moving average of $102.52.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds have recently added to or reduced their stakes in CIGI. Royal Bank of Canada increased its stake in Colliers International Group by 3.4% in the first quarter. Royal Bank of Canada now owns 3,970,524 shares of the financial services provider’s stock valued at $424,409,000 after purchasing an additional 129,144 shares during the last quarter. Spruce House Investment Management LLC boosted its holdings in shares of Colliers International Group by 93.0% in the 1st quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider’s stock valued at $268,387,000 after buying an additional 1,209,867 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Colliers International Group in the 2nd quarter valued at $292,656,000. Jupiter Topco LLC purchased a new position in shares of Colliers International Group in the 2nd quarter valued at $238,809,000. Finally, Turtle Creek Asset Management Inc. raised its stake in Colliers International Group by 100.9% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,633,556 shares of the financial services provider’s stock worth $174,611,000 after acquiring an additional 820,315 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

About Colliers International Group

Colliers International Group Inc. is a global professional services and investment management company focused on commercial real estate and the built environment. Its services include property leasing and sales, property and facilities management, valuation and advisory, and real estate project management. The company also provides engineering and consulting services for infrastructure, buildings, and related projects, along with investment management for real estate and other property-related strategies.