Scotiabank Equities Analysts Cut Earnings Estimates for CIGI

Key Points

• Scotiabank trimmed its FY2026 EPS forecast for Colliers to $6.83 from $6.86, below the $6.89 consensus, while maintaining a Sector Outperform rating and $130 price target.
• Analyst sentiment remains broadly positive: the stock has a Moderate Buy consensus rating and an average price target of $140.71.
• Colliers reported quarterly EPS of $1.97, topping estimates of $1.94, but revenue of $1.60 billion fell short of the $1.67 billion forecast; revenue rose 11.9% year over year.

Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI - Investment analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of Colliers International Group in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst H. Gupta now expects that the financial services provider will post earnings per share of $6.83 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.

Several other research analysts have also commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Colliers International Group in a research report on Tuesday, November 3rd. Royal Bank Of Canada cut their price objective on Colliers International Group from $155.00 to $140.00 and set an "outperform" rating on the stock in a report on Thursday, November 5th. BMO Capital Markets reissued an "outperform" rating on shares of Colliers International Group in a research note on Thursday, September 24th. National Bank Financial raised 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. Finally, Stifel Nicolaus dropped their target price on Colliers International Group from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $140.71.

Colliers International Group Price Performance

Colliers International Group stock opened at $88.65 on Friday. The company's 50 day simple moving average is $92.27 and its 200-day simple moving average is $102.52. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 14.39 and a beta of 1.18. Colliers International Group has a 1 year low of $83.21 and a 1 year high of $152.71. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.19 and a current ratio of 1.18.

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

Hedge Funds Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in shares of Colliers International Group by 3.4% during the first 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 raised its stake in shares of Colliers International Group by 93.0% in 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 acquiring an additional 1,209,867 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Colliers International Group in the second quarter valued at $292,656,000. Jupiter Topco LLC purchased a new position in Colliers International Group in the second quarter valued at $238,809,000. Finally, Turtle Creek Asset Management Inc. boosted its holdings in 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. Hedge funds and other institutional investors own 80.09% of the company's stock.

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.

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