Colliers International Group Inc. (NASDAQ:CIGI) Stock Has Consensus Price Target of $154.62 According to Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $154.62.

A number of equities research analysts have issued reports on CIGI shares. Scotia decreased their price target on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Colliers International Group in a research note on Thursday, September 24th. National Bank Financial boosted their target price on shares of Colliers International Group from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings raised shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, Scotiabank reduced their price target on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, July 31st.

Colliers International Group Price Performance

NASDAQ CIGI opened at $89.78 on Wednesday. Colliers International Group has a 12 month low of $87.36 and a 12 month high of $171.51. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 42.75 and a beta of 1.23. The company’s 50 day moving average is $98.19 and its two-hundred day moving average is $99.76. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. As a group, research analysts anticipate that Colliers International Group will post 6.92 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its position in Colliers International Group by 108.7% in the 2nd quarter. Tidal Investments LLC now owns 4,990 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 2,599 shares during the period. NewEdge Advisors LLC grew its stake in shares of Colliers International Group by 21.4% during the second quarter. NewEdge Advisors LLC now owns 2,728 shares of the financial services provider’s stock valued at $256,000 after buying an additional 480 shares during the last quarter. Nykredit A S bought a new position in shares of Colliers International Group during the second quarter valued at approximately $84,000. TD Waterhouse Canada Inc. raised its holdings in shares of Colliers International Group by 7.2% in the second quarter. TD Waterhouse Canada Inc. now owns 136,823 shares of the financial services provider’s stock worth $13,822,000 after buying an additional 9,230 shares during the period. Finally, Addenda Capital Inc. raised its holdings in shares of Colliers International Group by 0.5% in the second quarter. Addenda Capital Inc. now owns 167,188 shares of the financial services provider’s stock worth $15,681,000 after buying an additional 900 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related infrastructure markets. Through its operating businesses, the company provides real estate advisory and brokerage services, valuation and consulting, corporate solutions, property management, project management, and engineering services.

Colliers also manages investments for institutional and private clients through its investment management business.