Raymond James Financial Issues Pessimistic Forecast for Colliers International Group (NASDAQ:CIGI) Stock Price

Key Points

• Raymond James cut its Colliers price target from $160 to $150 but maintained a “Strong Buy” rating; the new target implies 57.35% upside from the stock’s then-current price.
• Colliers reported quarterly EPS of $1.97, slightly above the $1.94 consensus and up from $1.64 a year earlier. Revenue rose 11.9% year over year to $1.60 billion, but missed analysts’ expectations of about $1.67 billion.
• Shares fell 3.2% to $95.33 on Thursday. Analysts’ average rating was “Moderate Buy,” with a consensus price target of $140.71.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its price target cut by investment analysts at Raymond James Financial from $160.00 to $150.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a "strong-buy" rating on the financial services provider's stock. Raymond James Financial's target price would indicate a potential upside of 57.35% from the company's current price.

Several other equities research analysts also recently weighed in on CIGI. Scotia reduced their price target on shares of Colliers International Group from $150.00 to $145.00 and set a "sector outperform" rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada lowered their price objective on Colliers International Group from $155.00 to $140.00 and set an "outperform" rating on the stock in a research report on Thursday. National Bank Financial cut their target price on Colliers International Group from $110.00 to $109.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th. Scotiabank reduced their target price on Colliers International Group from $145.00 to $130.00 and set a "sector outperform" rating for the company in a report on Wednesday, October 28th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Colliers International Group in a research note on Thursday, September 24th. One 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. According to data from MarketBeat.com, Colliers International Group currently has an average rating of "Moderate Buy" and a consensus target price of $140.71.

Colliers International Group Stock Down 3.2%

Colliers International Group stock traded down $3.17 during mid-day trading on Thursday, reaching $95.33. The stock had a trading volume of 208,875 shares, compared to its average volume of 288,839. Colliers International Group has a one year low of $83.21 and a one year high of $154.43. The company has a 50-day moving average price of $93.24 and a two-hundred day moving average price of $103.99. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 45.48 and a beta of 1.18. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.19.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its 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. The business 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 business's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share. On average, analysts expect that Colliers International Group will post 6.90 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently made changes to their positions in CIGI. Royal Bank of Canada increased its holdings in Colliers International Group by 3.4% in 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 in the last quarter. Spruce House Investment Management LLC lifted its holdings in Colliers International Group by 93.0% during the first 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 in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Colliers International Group during the second quarter valued at approximately $292,656,000. Jupiter Topco LLC purchased a new position in Colliers International Group during the second quarter valued at approximately $238,809,000. Finally, Turtle Creek Asset Management Inc. boosted its position 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 worth $174,611,000 after purchasing an additional 820,315 shares during the period. 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

About Colliers International Group

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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