NASDAQ:CIGI

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

$98.30

-4.56 (-4.43%)

(As of 09/26/2023 ET)

Compare

Today's Range: $98.30
▼
$102.37
50-Day Range: $98.30
▼
$115.80
52-Week Range: $84.16
▼
$129.95

Volume: 121,171 shs
Average Volume: 84,431 shs
Market Capitalization: $4.51 billion

P/E Ratio: 655.33
Dividend Yield: 0.31%
Price Target: $133.14

Colliers International Group MarketRank™ Forecast

Analyst Rating: Buy
3.17 Rating Score
Upside/Downside: 37.7% Upside
$135.33 Price Target
Short Interest: Bearish
1.55% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.48
Upright™ Environmental Score
News Sentiment: 0.48
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 17.89%
From $6.54 to $7.71 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Finance Sector

259th out of 831 stocks

Real Estate Industry

5th out of 23 stocks

3.6

Analyst's Opinion

Consensus Rating
Colliers International Group has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $135.33, Colliers International Group has a forecasted upside of 37.7% from its current price of $98.30.
Amount of Analyst Coverage
Colliers International Group has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.55% of the outstanding shares of Colliers International Group have been sold short.
Short Interest Ratio / Days to Cover
Colliers International Group has a short interest ratio ("days to cover") of 7.4.
Change versus previous month
Short interest in Colliers International Group has recently increased by 19.66%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Colliers International Group has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Colliers International Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Colliers International Group is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Colliers International Group will have a dividend payout ratio of 3.89% next year. This indicates that Colliers International Group will be able to sustain or increase its dividend.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Colliers International Group has received a 49.35% net impact score from Upright. FirstService seems to create the most significant positive value in categories "Jobs", "Taxes", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Property damage services", "Renovation of residential buildings", and "Home cleaning services" products. See details.
Environmental Sustainability
The Environmental Impact score for Colliers International Group is -1.48.

3.0

News and Social Media Coverage

News Sentiment
Colliers International Group has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Colliers International Group this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for CIGI on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
3 people have added Colliers International Group to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Colliers International Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
15.30% of the stock of Colliers International Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
63.93% of the stock of Colliers International Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Colliers International Group are expected to grow by 17.89% in the coming year, from $6.54 to $7.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Colliers International Group is 655.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 125.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Colliers International Group is 655.33, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 87.36.
Price to Book Value per Share Ratio
Colliers International Group has a P/B Ratio of 8.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Colliers International Group (NASDAQ:CIGI) Stock

Colliers International Group Inc. provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers transaction brokerage services, including sales, leasing, and debt finance services, as well as landlord and tenant representation services; capital markets and investment services; and mortgage investment banking services. The company provides outsourcing and advisory services, such as corporate and workplace solutions; occupier; engineering and design, appraisal and valuation, and loan services; workplace strategy; property marketing; and research services. It also offers property management services comprising building operations and maintenance, facilities management, lease administration, property accounting and financial reporting, contract management and, construction management; and project management services, which include bid document review, construction monitoring and delivery management, contract administration and integrated cost control, development management, facility and engineering functionality, milestone and performance monitoring, quality assurance, risk management and strategic project consulting. In addition, the company provides investment management services that consists of asset management and investor advisory services. The company was founded in 1972 and is headquartered in Toronto, Canada.

CIGI Price History

30 days | 90 days | 365 days | Advanced Chart

CIGI Stock News Headlines

September 26, 2023 | americanbankingnews.com

Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Rating of "Buy" by Analysts

September 26, 2023 | americanbankingnews.com

Colliers International Group Inc. (NASDAQ:CIGI) Receives $133.14 Consensus Target Price from Brokerages

September 27, 2023 | Edge On The Street (Ad)

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September 24, 2023 | americanbankingnews.com

Colliers International Group (NASDAQ:CIGI) Rating Reiterated by Royal Bank of Canada

September 22, 2023 | markets.businessinsider.com

RBC Capital Remains a Buy on Colliers International Group (CIGI)

September 7, 2023 | finance.yahoo.com

Internet Provider Pilot Fiber NY and 5 Others Sign Deals in 1 WTC

August 18, 2023 | theglobeandmail.com

Closing Bell: Colliers International Group Inc up on Friday (CIGI)

August 17, 2023 | theglobeandmail.com

Closing Bell: Colliers International Group Inc down on Thursday (CIGI)

September 27, 2023 | Wall Street Fundamentals (Ad)

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August 3, 2023 | seekingalpha.com

Colliers International: EBITDA Beat And Unchanged Guidance Reinforce My Buy Rating

August 2, 2023 | seekingalpha.com

Colliers International Group Inc. 2023 Q2 - Results - Earnings Call Presentation

August 2, 2023 | finance.yahoo.com

Colliers Reports Second Quarter Results

August 2, 2023 | finance.yahoo.com

Colliers International (CIGI) Q2 Earnings and Revenues Miss Estimates

July 26, 2023 | finance.yahoo.com

Colliers International Group Inc.'s (TSE:CIGI) Intrinsic Value Is Potentially 49% Above Its Share Price

July 12, 2023 | bizjournals.com

HBJ names Colliers' Patrick Duffy as Lifetime Achievement Award winner for Most Admired CEO Awards

July 12, 2023 | finance.yahoo.com

Colliers to Announce Second Quarter Results on August 2, 2023

June 13, 2023 | finance.yahoo.com

Investors in Colliers International Group (TSE:CIGI) have seen respectable returns of 66% over the past three years

May 31, 2023 | markets.businessinsider.com

Colliers International Group (CIGI) Gets a Buy from RBC Capital

May 24, 2023 | finance.yahoo.com

High-volume Pennsylvania warehouse markets show strength

May 16, 2023 | msn.com

Colliers International declares CAD 0.15 dividend

May 16, 2023 | finance.yahoo.com

Colliers Announces Changes to Board of Directors

May 16, 2023 | finance.yahoo.com

Colliers International Group Inc. (TSE:CIGI) is a favorite amongst institutional investors who own 74%

May 2, 2023 | theglobeandmail.com

Closing Bell: Colliers International Group Inc down on Monday (CIGI)

May 2, 2023 | seekingalpha.com

Colliers International Group Inc. 2023 Q1 - Results - Earnings Call Presentation

May 2, 2023 | markets.businessinsider.com

Colliers Shares Fall As Q1 Results Miss The Street, Cuts Outlook

May 2, 2023 | finance.yahoo.com

Colliers International (CIGI) Q1 Earnings Lag Estimates

May 2, 2023 | finance.yahoo.com

CANADA STOCKS-TSX falls as energy stocks drag; focus on Fed rate decision

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CIGI Company Calendar

Ex-Dividend for 7/14 Dividend: 6/29/2023
Dividend Payable: 7/14/2023
Last Earnings: 8/02/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Real estate
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CIGI
Previous Symbol: NASDAQ:FSRV
CUSIP: N/A
CIK: 913353
Web: www.colliers.com
Phone: (416) 960-9500
Fax: 416-960-5333
Employees: 18,450
Year Founded: 1976

Price Target and Rating

Average Stock Price Forecast: $133.14
High Stock Price Forecast: $150.00
Low Stock Price Forecast: $120.00
Forecasted Upside/Downside: +35.4%
Consensus Rating: Buy
Rating Score (0-4): 3.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.15
Trailing P/E Ratio: 655.33
Forward P/E Ratio: 15.03
P/E Growth: N/A
Net Income: $46.25 million
Net Margins: 0.17%
Pretax Margin: 4.82%
Return on Equity: 47.47%
Return on Assets: 5.14%

Debt

Debt-to-Equity Ratio: 2.31
Current Ratio: 1.04
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $4.46 billion
Price / Sales: 1.01
Cash Flow: $11.39 per share
Price / Cash Flow: 8.63
Book Value: $11.86 per share
Price / Book: 8.29

Miscellaneous

Outstanding Shares: 45,890,000
Free Float: 38,871,000
Market Cap: $4.51 billion
Optionable: Not Optionable
Beta: 1.45

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Key Executives

Mr. Christian Mayer (Age 50)
Chief Financial Officer
Comp: $877.39k

Mr. Elias Mulamoottil (Age 53)
Co-Chief Investment Officer
Comp: $877.39k

Mr. Zachary Michaud (Age 40)
Co-Chief Investment Officer
Comp: $877.39k

Mr. Christopher Ross McLernon BA (Age 58)
Chief Exec. Officer of Real Estate Services Global
Comp: $6.84M

Mr. Robert D. Hemming CGA (Age 55)
CPA, Sr. VP & Chief Accounting Officer

Mr. Matthew Hawkins (Age 40)
Head of National Office Agency & Devel. UK, VP, Legal Counsel and Corp. Sec.

Charlotte Williams
Head of PR

Ms. Rebecca Finley (Age 47)
Chief Brand & People Officer

Mr. David Bowden
Chief Exec. Officer of Colliers Real Estate Strategy & Consulting

Mr. John W. Kenny CPV
FAPI, FRICS, Chief Exec. Officer of Asia Pacific

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CIGI Stock - Frequently Asked Questions

Should I buy or sell Colliers International Group stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Colliers International Group in the last year. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CIGI shares.
View CIGI analyst ratings or view top-rated stocks.
What is Colliers International Group's stock price forecast for 2023?: 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 $133.14 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price.
View analysts price targets for CIGI or view top-rated stocks among Wall Street analysts.
How have CIGI shares performed in 2023?: Colliers International Group's stock was trading at $92.04 at the start of the year. Since then, CIGI stock has increased by 6.8% and is now trading at $98.30.
View the best growth stocks for 2023 here.
When is Colliers International Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CIGI earnings forecast.
How were Colliers International Group's earnings last quarter?: Colliers International Group Inc. (NASDAQ:CIGI) announced its quarterly earnings data 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 had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Colliers International Group had a net margin of 0.17% and a trailing twelve-month return on equity of 47.47%.
How often does Colliers International Group pay dividends? What is the dividend yield for Colliers International Group?: Colliers International Group declared 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.
Is Colliers International Group a good dividend stock?: 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 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.
What guidance has Colliers International Group issued on next quarter's earnings?: Colliers International Group issued an update on its FY23 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $6.70-7.50 for the period, compared to the consensus 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.

What is Jay Hennick's approval rating as Colliers International Group's CEO?: 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.
What other stocks do shareholders of Colliers International Group own?: 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).
What is Colliers International Group's stock symbol?: Colliers International Group trades on the NASDAQ under the ticker symbol "CIGI."
Who are Colliers International Group's major shareholders?: Colliers International Group's stock is owned by a number of retail and institutional investors. Top institutional investors 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.
How do I buy shares of Colliers International Group?: 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.
Compare Top Brokerages Here.
What is Colliers International Group's stock price today?: One share of CIGI stock can currently be purchased for approximately $98.30.
How much money does Colliers International Group make?: Colliers International Group (NASDAQ:CIGI) has a market capitalization of $4.51 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.
How many employees does Colliers International Group have?: The company employs 18,450 workers across the globe.
How can I contact Colliers International Group?: 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.

This page (NASDAQ:CIGI) was last updated on 9/27/2023 by MarketBeat.com Staff

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