Colliers International Group (NASDAQ:CIGI) Price Target Cut to $150.00 by Analysts at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut its price target on Colliers International Group to $150 from $155 but maintained a Buy rating; the new target implies 57.35% upside from the prior close.
• Third-quarter EPS of $1.97 beat the $1.94 consensus and rose from $1.64 a year earlier, while revenue grew 11.9% to $1.60 billion but fell short of estimates.
• Analyst sentiment remains broadly positive, with a MarketBeat consensus of Moderate Buy and an average price target of $140.71, despite several firms lowering their targets.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its price objective reduced by Stifel Nicolaus from $155.00 to $150.00 in a research report issued on Thursday, BayStreet reports. The firm presently has a "buy" rating on the financial services provider's stock. Stifel Nicolaus's target price points to a potential upside of 57.35% from the company's previous close.

Several other research firms also recently commented on CIGI. Scotiabank cut their target price on Colliers International Group from $145.00 to $130.00 and set a "sector outperform" rating for the company in a research report on Wednesday, October 28th. Scotia lowered their price target on Colliers International Group from $150.00 to $145.00 and set a "sector outperform" rating on the stock in a research report on Friday, July 31st. Raymond James Financial lowered their price target on Colliers International Group from $160.00 to $150.00 and set a "strong-buy" rating on the stock in a research report on Thursday. BMO Capital Markets reiterated an "outperform" rating on shares of Colliers International Group in a research note on Thursday, September 24th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Colliers International Group in a report on Tuesday. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.71.

Colliers International Group Price Performance

NASDAQ CIGI traded down $3.17 on Thursday, reaching $95.33. The company's stock had a trading volume of 208,875 shares, compared to its average volume of 288,839. Colliers International Group has a 52 week low of $83.21 and a 52 week high of $154.43. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The firm has a market cap of $4.87 billion, a PE ratio of 45.48 and a beta of 1.18. The business has a 50-day moving average price of $93.24 and a 200 day moving average price of $103.99.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.67 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share. Sell-side analysts expect that Colliers International Group will post 6.90 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CIGI. Pictet Asset Management Holding SA boosted its holdings in shares of Colliers International Group by 1.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 8,117 shares of the financial services provider's stock worth $729,000 after acquiring an additional 137 shares in the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd increased its holdings in Colliers International Group by 5.3% during the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 57,665 shares of the financial services provider's stock valued at $5,178,000 after purchasing an additional 2,900 shares in the last quarter. Compass Ion Advisors LLC raised its position in Colliers International Group by 4.4% in the 3rd quarter. Compass Ion Advisors LLC now owns 2,747 shares of the financial services provider's stock valued at $247,000 after purchasing an additional 116 shares during the last quarter. Louisbourg Investments Inc. raised its position in Colliers International Group by 9.1% in the 3rd quarter. Louisbourg Investments Inc. now owns 94,813 shares of the financial services provider's stock valued at $8,525,000 after purchasing an additional 7,881 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Colliers International Group in the 3rd quarter valued at $599,000. Institutional investors own 80.09% of the company's stock.

Key Colliers International Group News

Here are the key news stories impacting Colliers International Group this week:

• Positive Sentiment: Q3 adjusted earnings were $1.97 per share, above the $1.94 consensus and up from $1.64 a year earlier. Revenue increased 11.9% year over year. Zacks earnings report
• Neutral Sentiment: Scotiabank kept its “Sector Outperform” rating and $130 price target, though its target is paired with modestly lower earnings forecasts. MarketBeat analyst estimates
• Negative Sentiment: Quarterly revenue was about $1.6 billion, below analysts’ roughly $1.67–$1.68 billion estimate. The shortfall may temper the impact of the earnings beat. MarketScreener revenue report
• Negative Sentiment: Scotiabank reduced its FY2026 EPS estimate to $6.86 from $6.90 and FY2027 estimate to $7.70 from $7.87, signaling slightly softer earnings expectations. MarketBeat analyst estimates

Colliers International Group Company Profile

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related business services. The company serves corporate, institutional and private clients through a broad platform that includes leasing, capital markets, valuation and advisory services.

Its other activities include property, facilities and project management, engineering and consulting services, and real estate investment management. These services are designed to help clients manage, develop, lease, acquire and dispose of commercial properties and portfolios across a range of sectors.

Colliers operates across the Americas, Asia Pacific and Europe, the Middle East and Africa through a combination of company-owned operations and affiliated offices.

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