Colliers International Group Inc. (NASDAQ:CIGI) Stock Has Average Price Target of $151.00 According to Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $148.86.

A number of brokerages have issued reports on CIGI. National Bank Financial reduced their price target on Colliers International Group from $110.00 to $109.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. BMO Capital Markets reissued an “outperform” rating on shares of Colliers International Group in a report on Thursday, September 24th. Weiss Ratings upgraded shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Scotiabank reduced their price objective on shares of Colliers International Group from $145.00 to $130.00 and set a “sector outperform” rating for the company in a report on Wednesday. Finally, Scotia decreased their target price on shares of Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a research report on Friday, July 31st.

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Colliers International Group during the 2nd quarter valued at approximately $36,000. Global Retirement Partners LLC purchased a new position in Colliers International Group in the 2nd quarter valued at approximately $44,000. Tacita Capital Inc bought a new stake in Colliers International Group during the 2nd quarter valued at $67,000. Nykredit A S bought a new stake in Colliers International Group during the 2nd quarter valued at $84,000. Finally, Callan Family Office LLC purchased a new stake in shares of Colliers International Group during the second quarter worth $228,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI opened at $96.65 on Friday. Colliers International Group has a 52-week low of $83.21 and a 52-week high of $160.61. The company has a market cap of $4.94 billion, a P/E ratio of 46.02 and a beta of 1.23. The firm’s fifty day moving average is $93.53 and its two-hundred day moving average is $104.63. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.19 and a current ratio of 1.19.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data 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. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 EPS. As a group, analysts anticipate that Colliers International Group will post 6.90 EPS for the current fiscal year.

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 business services. The company serves corporate, institutional and private clients through a broad platform that includes leasing, capital markets, valuation and advisory services.

Its other activities include property, facilities and project management, engineering and consulting services, and real estate investment management. These services are designed to help clients manage, develop, lease, acquire and dispose of commercial properties and portfolios across a range of sectors.

Colliers operates across the Americas, Asia Pacific and Europe, the Middle East and Africa through a combination of company-owned operations and affiliated offices.