Colliers International Group (CIGI) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Colliers International Group in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIGI shares.
View CIGI analyst ratings or view top-rated stocks.

6 equities research analysts have issued twelve-month target prices for Colliers International Group's stock. Their CIGI share price forecasts range from $128.00 to $150.00. On average, they expect the company's stock price to reach $135.33 in the next twelve months. This suggests a possible upside of 39.3% from the stock's current price.
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Colliers International Group's stock was trading at $92.04 at the beginning of 2023. Since then, CIGI stock has increased by 5.5% and is now trading at $97.13.
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Colliers International Group saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 854,300 shares, an increase of 20.0% from the August 31st total of 712,000 shares. Based on an average trading volume of 102,100 shares, the days-to-cover ratio is presently 8.4 days.
View Colliers International Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CIGI earnings forecast.

Colliers International Group Inc. (NASDAQ:CIGI) announced its quarterly earnings results on Wednesday, August, 2nd. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.14. The financial services provider earned $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Colliers International Group had a trailing twelve-month return on equity of 47.47% and a net margin of 0.17%.

Colliers International Group announced a Semi-Annual dividend on Tuesday, May 16th. Investors of record on Friday, June 30th will be given a dividend of $0.15 per share on Friday, July 14th. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for CIGI.

Colliers International Group (NASDAQ:CIGI) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.31%. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CIGI will have a dividend payout ratio of 3.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIGI.

Colliers International Group updated its FY23 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $6.70-7.50 for the period, compared to the consensus EPS estimate of $6.76. The company issued revenue guidance of $4.4-4.6 billion, compared to the consensus revenue estimate of $4.45 billion.

470 employees have rated Colliers International Group Chief Executive Officer Jay Hennick on Glassdoor.com. Jay Hennick has an approval rating of 88% among the company's employees. 74.0% of employees surveyed would recommend working at Colliers International Group to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Colliers International Group investors own include JPMorgan Chase & Co. (JPM), Simon Property Group (SPG), Weyerhaeuser (WY), Caterpillar (CAT), NVIDIA (NVDA), Bank of America (BAC), Costco Wholesale (COST), Salesforce (CRM), Deere & Company (DE) and Kimco Realty (KIM).

Colliers International Group trades on the NASDAQ under the ticker symbol "CIGI."

Colliers International Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Jarislowsky Fraser Ltd (5.23%), BloombergSen Inc. (3.00%), The Manufacturers Life Insurance Company (2.73%), Durable Capital Partners LP (2.03%), Bank of Montreal Can (1.44%) and Renaissance Technologies LLC (1.43%).
View institutional ownership trends.

Shares of CIGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CIGI stock can currently be purchased for approximately $97.13.

Colliers International Group (NASDAQ:CIGI) has a market capitalization of $4.46 billion and generates $4.46 billion in revenue each year. The financial services provider earns $46.25 million in net income (profit) each year or $0.15 on an earnings per share basis.

The company employs 18,450 workers across the globe.

Colliers International Group's mailing address is 1140 BAY STREET SUITE 4000, TORONTO A6, M5S 2B4. The official website for the company is www.colliers.com. The financial services provider can be reached via phone at (416) 960-9500, via email at investorrelations@colliers.com, or via fax at 416-960-5333.