Colliers International Group (NASDAQ:CIGI) Stock Gets Price Target Boost from National Bank Financial

Key Points

• National Bank Financial raised its price target on Colliers International Group from $109 to $122 and maintained an “outperform” rating, implying about 28% upside from the prior close.
• Colliers reported quarterly EPS of $1.97, ahead of the $1.94 consensus and up from $1.64 a year earlier. Revenue rose 11.9% year over year to $1.60 billion, but fell short of analyst estimates.
• Shares fell 3.2% on Thursday to $95.33. Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $140.71.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its target price lifted by analysts at National Bank Financial from $109.00 to $122.00 in a research note issued on Thursday, BayStreet reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. National Bank Financial's price objective suggests a potential upside of 27.98% from the company's previous close.

A number of other analysts have also recently weighed in on the company. Stifel Nicolaus lowered their price objective on Colliers International Group from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank Of Canada reduced their target price on Colliers International Group from $155.00 to $140.00 and set an "outperform" 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Colliers International Group in a report on Tuesday. Finally, Scotia dropped 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 note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned 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 target price of $140.71.

Colliers International Group Stock Down 3.2%

Shares of NASDAQ CIGI traded down $3.17 during trading hours on Thursday, hitting $95.33. 208,875 shares of the stock were exchanged, compared to its average volume of 288,839. Colliers International Group has a 12 month low of $83.21 and a 12 month high of $154.43. The firm has a fifty day moving average price of $93.24 and a 200-day moving average price of $103.99. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. The company has a market cap of $4.87 billion, a PE ratio of 45.48 and a beta of 1.18.

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

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Colliers International Group by 3.4% during the 1st quarter. Royal Bank of Canada now owns 3,970,524 shares of the financial services provider's stock worth $424,409,000 after acquiring an additional 129,144 shares during the period. Spruce House Investment Management LLC grew its stake in Colliers International Group by 93.0% during 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 purchasing an additional 1,209,867 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Colliers International Group during the 2nd quarter valued at about $292,656,000. Jupiter Topco LLC acquired a new position in shares of Colliers International Group in the second quarter valued at about $238,809,000. Finally, Turtle Creek Asset Management Inc. increased its holdings in shares of Colliers International Group by 100.9% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,633,556 shares of the financial services provider's stock valued at $174,611,000 after purchasing an additional 820,315 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Colliers International Group

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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