Latest news with #CIGI
Yahoo
3 days ago
- Business
- Yahoo
Colliers Set to Acquire Astris Finance, Bolsters IB Capabilities
Colliers International Group, Inc. CIGI recently entered into a definitive agreement to acquire a controlling interest in a global investment banking (IB) company, Astris Infrastructure, LLC (Astris Finance). The deal, subject to customary closing conditions, is expected to close in the third quarter of 2025. The financial terms were not disclosed. Under Colliers' unique partnership model, the senior leadership of Astris Finance, together with nine senior team members designated to become partners, will retain substantial ownership in the business. Founded in 2000, Astris Finance offers strategic and transaction advisory services, which include mergers and acquisitions (M&A), project finance, and other long-term capital raising initiatives to the world's leading developers and investors in transportation, renewable energy, power generation and distribution, as well as digital and social infrastructure. Per Elias Mulamoottil, co-chief investment officer of Colliers, 'Colliers manages more than $25 billion of energy transition and other infrastructure assets through our Investment Management segment, and we deliver comprehensive technical design and consulting services to the same sectors through our Engineering segment.' Through this acquisition, the company will expand its investment banking capabilities, enabling it to better serve institutional clients and take advantage of the increasing global demand for infrastructure that facilitates urbanization, energy security and decarbonization. Colliers is a global diversified professional services and investment management company. Its primary services include outsourcing, leasing, capital markets, engineering and investment management. CIGI is poised to ride the growth curve, backed by its globally balanced and highly diversified business model. In the past three months, shares of this Zacks Rank #3 (Hold) company have gained 0.5% compared to the industry's upside of 3.9%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader real estate sector are Ferrovial SE FER and Berkeley Group BKGFY. The Zacks Consensus Estimate for Ferrovial's 2025 earnings per share is pegged at 99 cents, which indicates year-over-year decrease of 35.7%. FER currently sports a Zacks Rank of #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. BKGFY carries a Zacks Rank of #2 (Buy) at present. The Zacks Consensus Estimate for Berkeley's full-year earnings per share is 80 cents, which indicates a decrease of 16.7% from the year-ago period. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Colliers International Group Inc. (CIGI) : Free Stock Analysis Report Berkeley Group Holdings PLC Unsponsored ADR (BKGFY) : Free Stock Analysis Report Ferrovial SE (FER) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Time of India
3 days ago
- General
- Time of India
CIGI students create posters on ‘how to save environment'
1 2 3 Nagpur: Central India Group of Institutions (CIGI), students created posters on 'how to save environment' while the management celebrated World Environment Day at its Lonara campus with a tree plantation programme. Chief guest of the programme was MLA Sana Malik Shaikh. The event was presided over by former cabinet minister Anees Ahmed. During the tree plantation ceremony, the guests emphasised the importance of protecting natural resources. Students created posters on themes such as 'Save Earth', 'Save Environment', and 'Save Water', and delivered awareness messages about pollution and environmental conservation. Sana Malik said that a small group of thoughtful, committed, and responsible citizens can indeed change the world. "Environment Day encourages people to plant more trees, recycle waste, and minimise the use of plastic. All should take a pledge to protect our planet and secure a healthier Earth for future generations," she said. Anees Ahmed stressed the need for the current generation to adopt environmentally friendly habits for a sustainable lifestyle. He urged everyone to commit to preserving natural resources, animals, and trees, emphasising that World Environment Day, celebrated annually on June 5, recognizes the critical role a healthy environment plays in ensuring a stable and healthy society. Also present on the occaion were, Dr SM Rajan, Dr Sumati Deodhar, Dr SS Gulab, Madan Kumar Kadve, Arfa S Ahmed, Dr Swati S Raut, DrYasmin Siddiqui, Dr Seema Chikhale, Sanjay Ahir, Rabiya Khan, Victoria Simon and Tushar Meshram The programme was compered by Dr Yasmin Siddiqui and vote of thanks proposed by Dr Swati Raut.
Yahoo
08-05-2025
- Business
- Yahoo
Colliers International price target lowered to $155 from $165 at Scotiabank
Scotiabank analyst Himanshu Gupta lowered the firm's price target on Colliers International (CIGI) to $155 from $165 and keeps an Outperform rating on the shares. The company's Q1 results were in-line and management reiterated 2025 guidance, the analyst tells investors. The firm lowered its price target on the stock due to lower target EV/EBITDA multiple. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on CIGI: Disclaimer & DisclosureReport an Issue Colliers Initiates Share Buyback Program with TSX Approval Colliers International announces normal course issuer bid Colliers International Reports Strong Q1 2025 Growth Colliers International Reports Strong Growth Amid Challenges Colliers Reports Strong Q1 2025 Results Amid Strategic Acquisitions Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-02-2025
- Business
- Yahoo
Colliers International Group Full Year 2024 Earnings: Beats Expectations
Revenue: US$4.82b (up 11% from FY 2023). Net income: US$161.7m (up 147% from FY 2023). Profit margin: 3.4% (up from 1.5% in FY 2023). The increase in margin was driven by higher revenue. EPS: US$3.24 (up from US$1.44 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. The primary driver behind last 12 months revenue was the Real Estate Services segment contributing a total revenue of US$3.07b (64% of total revenue). Notably, cost of sales worth US$2.90b amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.34b (76% of total expenses). Explore how CIGI's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Real Estate industry in Canada. Performance of the Canadian Real Estate industry. The company's shares are down 3.4% from a week ago. Before we wrap up, we've discovered 2 warning signs for Colliers International Group that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
