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 year. There are currently 1 hold rating, 4 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.
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6 equities research analysts have issued 1-year price targets for Colliers International Group's stock. Their CIGI share price forecasts range from $120.00 to $150.00. On average, they anticipate the company's stock price to reach $136.80 in the next year. This suggests a possible upside of 31.6% 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 13.0% and is now trading at $103.98.
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Colliers International Group saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 577,800 shares, an increase of 36.2% from the February 13th total of 424,200 shares. Based on an average daily volume of 81,300 shares, the days-to-cover ratio is currently 7.1 days. Approximately 1.6% of the company's stock are sold short.
View Colliers International Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our CIGI earnings forecast.

Colliers International Group Inc. (NASDAQ:CIGI) released its quarterly earnings results on Tuesday, November, 2nd. The financial services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.90. The financial services provider had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $795 million. Colliers International Group had a net margin of 1.04% and a trailing twelve-month return on equity of 35.82%. During the same quarter in the prior year, the firm posted $0.52 EPS.

Colliers International Group declared a Semi-Annual dividend on Tuesday, December 6th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.15 per share on Friday, January 13th. This represents a dividend yield of 0.3%. The ex-dividend date is Thursday, December 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 0.29%. The dividend payout ratio is 29.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIGI will have a dividend payout ratio of 3.78% 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 FY 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.60 billion-$4.80 billion, compared to the consensus revenue estimate of $4.64 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 (5.06%), BloombergSen Inc. (3.48%), Renaissance Technologies LLC (1.68%), Vulcan Value Partners LLC (1.40%), Victory Capital Management Inc. (1.35%) and Victory Capital Management Inc. (1.35%).
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 $103.98.

Colliers International Group (NASDAQ:CIGI) has a market capitalization of $4.35 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 $1.03 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.