Colliers International Group (NASDAQ:CIGI) Releases FY 2024 Earnings Guidance

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.670-5.990 for the period, compared to the consensus estimate of 6.080. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion.

Analyst Upgrades and Downgrades

CIGI has been the topic of several research analyst reports. Raymond James lowered shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. National Bankshares boosted their price target on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Scotiabank raised their target price on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets boosted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average price target of $158.33.

Colliers International Group Stock Up 1.4 %

Shares of NASDAQ CIGI opened at $154.03 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 52.39 and a beta of 1.50. The firm’s 50-day simple moving average is $148.04 and its 200 day simple moving average is $129.40. Colliers International Group has a 12-month low of $94.85 and a 12-month high of $156.29.

Colliers International Group Company Profile

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. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.