Colliers International Group Inc. research snapshot
CIGI AI stock analysis as of the August 3, 2026 data cutoff reads Colliers International Group Inc. as a well-run, globally diversified professional services and investment management platform whose earnings mix is improving even though GAAP earnings are still depressed. The stock closed at $98.55 on July 31, 2026, with a market capitalization near $5.02 billion, re-verified during this full refresh as $98.55 times 51.10 million shares outstanding, which matched the StockAnalysis.com quote and statistics pages and the Q2 2026 earnings release basic weighted average share count. The Q2 2026 report, released July 30, 2026, delivered double-digit revenue growth across all three platforms: consolidated revenues of $1.57 billion up 17% (16% in local currency), net revenues of $1.39 billion up 17%, Adjusted EBITDA of $205.3 million up 14%, and Adjusted EPS of $1.83 up 6%, with GAAP operating earnings of $98.4 million and GAAP diluted EPS of $0.56 versus $0.08 a year earlier. Management reaffirmed the 2026 outlook for mid-teens percentage growth in revenues, Adjusted EBITDA, and Adjusted EPS including the Ayesa Engineering acquisition, and guided leverage to fall from 2.8x toward roughly 2.3x by year end within a longer-term target of 1.5x to 2.0x. On a trailing twelve-month basis, about 70% of earnings came from resilient, recurring businesses and free cash flow reached $365.6 million, about 106% of adjusted net earnings. The stock still trades 42.5% below its 52-week high of $171.51, at about 46.6x trailing GAAP EPS but only about 13.2x the $7.48 FY2026 adjusted EPS consensus, with 13 analysts holding a Buy consensus and an average target of $138.78. This is informational research and not investment advice.
Current price
$98.55
Market cap
$5.02 billion
AI score
68 / 100
Rating
Diversified platform gaining momentum at a reasonable forward multiple
Trend status
Basing near the low end of the 52-week range, above the 50-day but below the 200-day moving average
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Colliers earns fees from commercial real estate brokerage and advisory, outsourcing, engineering and project management, and investment management, with an asset-light model, recurring outsourcing and management-fee revenue, and about 70% of trailing twelve-month earnings from resilient businesses. | High |
| Moat | The moat comes from the Colliers brand, a global network across more than 60 countries, long client relationships, proprietary data and research, a growing engineering platform with a 12-month backlog, and a Harrison Street investment management platform with $109.9 billion of assets under management. | Medium-high |
| Management | Founder-led by Jay S. Hennick since the 1990s, with a long acquisition track record, meaningful inside ownership through a partnership model, and disciplined capital allocation. The Q2 2026 call confirmed deleveraging toward 2.3x and optionality to buy back stock under the normal course issuer bid at current prices. | Medium-high |
| Financial trend | Q2 2026 revenues were $1.57 billion up 17%, net revenues $1.39 billion up 17%, Adjusted EBITDA $205.3 million up 14%, and Adjusted EPS $1.83 up 6%. H1 2026 revenues were $2.89 billion up 16% with Adjusted EBITDA of $330.1 million up 11%, while GAAP diluted EPS was just $0.09 for the half due to acquisition and integration costs. | Medium |
| Valuation | At $98.55 the stock trades at about 46.6x trailing GAAP EPS, 0.84x sales, 22.3x trailing free cash flow on a simple basis, and about 13.2x FY2026 adjusted EPS consensus of $7.48, which prices in a meaningful earnings recovery. | Medium |
| Technical trend | CIGI closed at $98.55 on July 31, 2026, above its 50-day moving average near $96.68 but below its 20-day near $99.13, 100-day near $101.09, and 200-day near $121.41, with 14-day RSI near 50 and 14-day ADX near 11.6 indicating a weak, range-bound trend. | Medium |
| Risk level | Key risks are commercial real estate transaction and leasing sensitivity to interest rates, office-market weakness, leverage of 2.8x net debt to pro forma adjusted EBITDA after the Ayesa acquisition, competition from CBRE and JLL, Ayesa integration, and key-person risk around founder CEO Jay Hennick. | Medium-high |
| AI confidence | High for descriptive facts and cross-checked math that matched across StockAnalysis.com, the Q2 2026 earnings release, the earnings call transcript, and financial_rigor.py. Lower for forward return estimates because transaction volume, fundraising, rates, and backlog conversion are uncertain. | High data confidence |
| Investment certainty | Medium-low certainty. The page gives a research framework and scenario ranges, not a buy or sell instruction, and the margin of safety depends on whether the earnings recovery arrives faster than the 42.5% drawdown from the 52-week high implies. | Medium-low |
CIGI AI stock forecast
The CIGI AI stock forecast uses scenario math around the July 31, 2026 close of $98.55 and the FY2026 adjusted EPS consensus of $7.48. The three-scenario framework produced a bearish area near $95, a base area near $151, and a bullish area near $228 before dividends, using adjusted EPS growth of 2%, 8%, and 15% and exit multiples of 12x, 16x, and 20x over three years. These are scenarios, not price commitments.
$200 to $245
More likely if commercial real estate transaction and leasing activity keeps accelerating, Harrison Street fundraising accelerates toward the $6 billion to $9 billion 2026 target, engineering internal growth stays near 5% with Ayesa expanding margins, and investors re-rate the stock toward 18x to 20x forward adjusted earnings.
$135 to $165
More likely if CIGI delivers the reaffirmed mid-teens growth in revenues, Adjusted EBITDA, and Adjusted EPS, leverage falls toward 2.3x and then to the 1.5x to 2.0x target range, and the stock holds a 14x to 16x forward multiple, consistent with the $138.78 average analyst target.
$85 to $105
More likely if commercial real estate activity stalls, interest rate cuts disappoint, office vacancy worsens, fundraising slows, Ayesa integration takes longer than expected, or the market compresses the multiple toward 11x to 12x forward adjusted earnings.
CIGI AI technical analysis
CIGI AI technical analysis starts from the $98.55 July 31, 2026 close used for this August 3 static page. The stock is basing near the low end of its 52-week range, holding above its 50-day moving average near $96.68 but still below the 20-day near $99.13, the 100-day near $101.09, and the 200-day near $121.41. Because this page does not fetch request-time market data, traders should confirm levels on a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $98.55 | Latest verified close used for this page as of the July 31, 2026 data snapshot and the August 3, 2026 page cutoff. |
| Near support | $88.38 to $92.00 | The 52-week low of $88.38 is the critical support floor. The stock trades about 11.5% above it, so a move back into this zone would retest the bottom of the range. |
| 50-day moving average | Approximately $96.68 | StockAnalysis and Barchart both reported the 50-day moving average near $96.68 on July 31, 2026. CIGI is holding just above it, which is a mild near-term positive. |
| Near resistance | $101.00 to $105.00 | The 20-day moving average near $99.13 and the 100-day near $101.09 create overhead resistance. A sustained close above $105 would improve near-term momentum. |
| 20-day moving average | Approximately $99.13 | Barchart reported the 20-day moving average near $99.13 on July 31, 2026, slightly above the close, meaning the short-term trend has not yet turned up. |
| 100-day moving average | Approximately $101.09 | Barchart reported the 100-day moving average near $101.09, a resistance the stock must reclaim to start repairing the medium-term trend. |
| 200-day moving average | Approximately $121.41 | The 200-day moving average near $121.41 is the major overhead level that defines the long-term downtrend. CIGI is well below it. |
| Momentum | RSI near 50, ADX near 12 | 14-day RSI was near 50.3 and 14-day ADX near 11.6 on July 31, 2026, indicating neutral momentum and a weak, range-bound trend rather than a strong move in either direction. |
| Volume | About 201,000 shares on the day, about 223,000 average | The July 31 session traded about 201,242 shares against a 20-day average of about 223,000, moderate for a small/mid-cap stock. Above-average volume on up days would support a base-building thesis. |
| Volatility | ATR 14 around $3.75, about 3.8% of price | Barchart reported 14-day ATR near $3.75 and 14-day historical volatility near 44.6%, so position sizing should account for large daily swings around earnings and macro news. |
| Invalidation | Close below $88.38 (52-week low) | A decisive break below the 52-week low of $88.38 would signal a renewed leg down. Conversely, a sustained move above the 200-day near $121 would confirm the long-term trend is turning. |
CIGI AI trading strategy
The CIGI AI trading strategy is a rules-based research framework, not personalized advice. It combines filing-backed business evidence, technical confirmation, position sizing, and clear invalidation levels.
Given the still-bearish long-term setup, a trend-following approach would wait for CIGI to reclaim and hold the 20-day and 100-day moving averages near $99 to $101, then the 200-day near $121, with rising volume, before treating the trend as reversed.
A daily close back below the 50-day moving average near $96.68 or a failed test of the $101 to $105 resistance should keep the trend-following setup on the sidelines.
If CIGI pulls back toward the $88.38 to $92 support zone with declining downside volume and no fundamental deterioration, a carefully sized mean-reversion trade could be considered by traders who can tolerate the cyclical risk.
Do not average down solely because CIGI is a high-quality business. Define a maximum loss per trade and monitor leverage, earnings, and office-market data closely.
Track Q3 2026 results expected in late October 2026, revenue growth by segment, Adjusted EBITDA margin, Ayesa integration, Harrison Street fundraising against the $6 billion to $9 billion target, AUM growth, leverage toward 2.3x, and any normal course issuer bid activity.
Lower conviction if GAAP operating earnings stay flat or decline while the stock already trades above its forward adjusted earnings power, or if leverage fails to come down as guided.
Investment research summary
Colliers turns real estate, engineering, and capital-formation expertise into fee income across Commercial Real Estate, Engineering, and Investment Management, with about 70% of trailing twelve-month earnings coming from resilient, recurring revenue streams.
The moat is built on the Colliers brand, a global network across more than 60 countries, long client relationships, proprietary data, a growing engineering platform with a 12-month backlog, and a Harrison Street investment management business with $109.9 billion of assets under management.
The thesis can fail if commercial real estate transactions and leasing stall when interest rates stay high, office vacancy worsens, Harrison Street fundraising misses the $6 billion to $9 billion target, the Ayesa acquisition fails to integrate, or the 2.8x leverage becomes a constraint during a downturn.
Founder and Chairman Jay S. Hennick has led Colliers through decades of disciplined acquisition-driven growth with meaningful inside ownership. The Q2 2026 call reaffirmed mid-teens growth guidance, a deleveraging path to about 2.3x, and optionality to buy back stock at current prices under the normal course issuer bid.
Colliers sits at the intersection of a recovering commercial real estate cycle, secular infrastructure and engineering demand, and growing institutional allocation to real assets through investment management, including more than $6 billion deployed into data centers and digital infrastructure over the past six years.
At about 46.6x trailing GAAP EPS but only about 13.2x FY2026 adjusted EPS consensus of $7.48, the market is pricing in an earnings recovery that management is guiding toward. A margin of safety would require confirmed earnings normalization, falling leverage, or a better entry price.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| CIGI price | $98.55 at the July 31, 2026 close, down 0.84% on the day | StockAnalysis.com real-time quote | August 3, 2026 |
| Market capitalization | $5.02 billion, verified as $98.55 x 51.10 million shares with a 0.32% deviation via financial_rigor.py | StockAnalysis.com quote and financial_rigor.py market cap verification | August 3, 2026 |
| Shares outstanding | 51.10 million, up 1.41% year over year | StockAnalysis.com statistics | August 3, 2026 |
| Q2 2026 revenues | $1,572.5 million, up 17% (16% in local currency) from $1,347.6 million; net revenues $1,386.3 million up 17% | Colliers Q2 2026 earnings release | August 3, 2026 |
| Q2 2026 Adjusted EBITDA | $205.3 million, up 14% (13% in local currency) from $180.2 million | Colliers Q2 2026 earnings release | August 3, 2026 |
| Q2 2026 Adjusted EPS | $1.83, up 6% from $1.72, about $0.01 lower excluding foreign exchange | Colliers Q2 2026 earnings release | August 3, 2026 |
| Q2 2026 GAAP results | GAAP operating earnings $98.4 million versus $99.2 million, GAAP diluted EPS $0.56 versus $0.08, with current period impacted by higher acquisition costs primarily related to the Ayesa Engineering acquisition | Colliers Q2 2026 earnings release | August 3, 2026 |
| H1 2026 results | Revenues $2,886.0 million up 16% (14% in local currency), net revenues $2,536.4 million up 16%, Adjusted EBITDA $330.1 million up 11%, Adjusted EPS $2.74 up 6%, GAAP diluted EPS $0.09 | Colliers Q2 2026 earnings release | August 3, 2026 |
| Trailing twelve month cash generation | TTM free cash flow of $365.6 million, about 106% of adjusted net earnings; about 70% of TTM earnings from resilient businesses | Colliers Q2 2026 earnings release | August 3, 2026 |
| Commercial Real Estate segment Q2 2026 | Revenues $997.3 million up 12% (11% local), net revenues $891.4 million up 13%, Capital Markets and Leasing each up 23%, Adjusted EBITDA $105.9 million up 14%, net margin 11.9% | Colliers Q2 2026 earnings release | August 3, 2026 |
| Engineering segment Q2 2026 | Revenues $427.8 million up 30% (30% local), net revenues $359.4 million up 28%, Adjusted EBITDA $52.1 million up 28%, net margin 14.5%, 12-month backlog as of June 30, 2026 | Colliers Q2 2026 earnings release and earnings call | August 3, 2026 |
| Investment Management segment Q2 2026 | Revenues $147.2 million up 17%, net revenues $135.3 million up 15%, Adjusted EBITDA $49.4 million down 1% on platform investments, net margin 36.5%, total AUM $109.9 billion up 6% from June 30, 2025 | Colliers Q2 2026 earnings release | August 3, 2026 |
| Harrison Street fundraising | $2.2 billion of new capital commitments in Q2 2026 and about $3 billion for the six months; 2026 fundraising target unchanged at $6 billion to $9 billion; $1.9 billion returned to limited partners in Q2 and $3 billion year to date | Colliers Q2 2026 earnings call | August 3, 2026 |
| 2026 outlook | Reaffirmed mid-teens percentage growth in revenues, Adjusted EBITDA, and Adjusted EPS for the full year, including the impact of Ayesa | Colliers Q2 2026 earnings release | August 3, 2026 |
| Balance sheet | Cash and cash equivalents $265.2 million, total debt of $2,505.7 million excluding mortgage warehouse credit facilities, net debt of $2,240.5 million, net debt to pro forma adjusted EBITDA of 2.8x as of June 30, 2026 | Colliers Q2 2026 earnings release | August 3, 2026 |
| Leverage outlook | Leverage expected to fall from 2.8x to about 2.3x by year end as seasonal cash flows come in, with a longer-term target range of 1.5x to 2.0x and a possible bump for significant acquisitions | Colliers Q2 2026 earnings call | August 3, 2026 |
| Buyback posture | No repurchases under the normal course issuer bid during the heavy Ayesa deployment; management said it may deploy capital on a stock buyback in the second half given the current undervaluation, with about $100 million able to buy roughly 1% to 2% of the float | Colliers Q2 2026 earnings call | August 3, 2026 |
| Ayesa Engineering acquisition | Completed May 27, 2026, adding engineering scale across Europe, Latin America, the Middle East, and Australia with higher margins and no meaningful seasonality; the acquisition contributed a partial quarter to Q2 2026 results | Colliers press release and Q2 2026 earnings call | August 3, 2026 |
| TTM revenue | $5.96 billion, up 15.2% | StockAnalysis.com financials | August 3, 2026 |
| TTM net income and EPS | Net income of $107.83 million and EPS of $2.10 | StockAnalysis.com financials | August 3, 2026 |
| FY2025 results | Revenue of $5.56 billion up 15.27% from $4.82 billion, net income of $103.10 million down 36.25%, EPS of $2.02 | StockAnalysis.com financials | August 3, 2026 |
| Valuation check | 46.57x trailing GAAP PE, 0.84x sales, 1.76x price to total book value, 22.31x trailing P/FCF, EV/EBITDA 13.60, EV/Sales 1.58, EV/FCF 41.91 | StockAnalysis.com statistics | August 3, 2026 |
| Forward valuation | About 13.2x FY2026 adjusted EPS consensus of $7.48, with FY2026 adjusted EPS growth forecast of 13.71% and FY2027 consensus EPS of $8.43 | StockAnalysis.com forecast | August 3, 2026 |
| Valuation verification | financial_rigor.py computed 46.93x TTM PE, 3.26x PB on $30.23 book value per share, 22.40x P/FCF, 4.46% FCF yield, 0.30% dividend yield, and 0.84x PS from the $98.55 price | financial_rigor.py valuation verification | August 3, 2026 |
| Dividend | Semi-annual dividend of $0.30 per share per year, about 0.30% yield, with the next ex-dividend date on June 30, 2026 already passed | StockAnalysis.com dividend data | August 3, 2026 |
| Analyst consensus | Buy with an average price target of $138.78 across 13 analysts, median $145, low $110, high $160 | StockAnalysis.com forecast | August 3, 2026 |
| Analyst rating mix, July 2026 | 5 Strong Buy, 4 Buy, 4 Hold, 0 Sell out of 13 analysts | StockAnalysis.com forecast recommendation trends | August 3, 2026 |
| Recent analyst target updates | CIBC $130 maintain on July 31, RBC Capital $155 maintain on July 31, BMO Capital $148 maintain on July 31, Scotiabank lowered to $145 from $150 on July 31, William Blair maintained Buy on July 30 | StockAnalysis.com forecast | August 3, 2026 |
| Short interest | 732,325 shares short, 1.43% of shares outstanding, about 3.05 days to cover | StockAnalysis.com statistics | August 3, 2026 |
| Ownership | Insiders own about 14.71% and institutions about 78.52% of shares outstanding, with a float of 43.59 million shares | StockAnalysis.com statistics | August 3, 2026 |
| Technical snapshot | 5-day SMA near $101.01, 20-day SMA near $99.13, 50-day SMA near $96.68, 100-day SMA near $101.09, 200-day SMA near $121.41, 14-day RSI near 50.3, 14-day ADX near 11.6, 14-day ATR near $3.75, 14-day historical volatility near 44.6% | Barchart and StockAnalysis.com technical snapshots | August 3, 2026 |
| 52-week price change | Down 33.30% over the trailing 52 weeks, with a 52-week range of $88.38 to $171.51 and a beta of 1.25 | StockAnalysis.com statistics | August 3, 2026 |
This CIGI AI stock analysis is an informational research tool for education only. It is not investment advice, a recommendation, or a guarantee of future performance. Forecast ranges are scenarios based on available filings, quote snapshots, and third-party data as of the August 3, 2026 cutoff and can be wrong, incomplete, or outdated after new earnings, market moves, or macro conditions.
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