Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Colliers International Group Inc. (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $156.00.

Several brokerages have weighed in on CIGI. BMO Capital Markets raised their price objective on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of Colliers International Group in a research note on Monday, September 9th. Scotiabank raised their price objective on Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a research note on Friday, August 2nd. Raymond James cut Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. Finally, Stifel Nicolaus raised their price objective on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

View Our Latest Stock Analysis on CIGI

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently made changes to their positions in the business. Addenda Capital Inc. raised its stake in shares of Colliers International Group by 8.8% during the 1st quarter. Addenda Capital Inc. now owns 127,362 shares of the financial services provider’s stock worth $15,567,000 after purchasing an additional 10,340 shares during the period. Russell Investments Group Ltd. raised its stake in Colliers International Group by 33.9% in the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock valued at $2,015,000 after acquiring an additional 4,169 shares during the period. Security National Bank bought a new stake in Colliers International Group in the 4th quarter valued at about $70,000. Blair William & Co. IL raised its stake in Colliers International Group by 13.6% in the 1st quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider’s stock valued at $4,251,000 after acquiring an additional 4,170 shares during the period. Finally, Wellington Management Group LLP raised its stake in Colliers International Group by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 561,869 shares of the financial services provider’s stock valued at $71,212,000 after acquiring an additional 67,857 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $149.23 on Friday. The company has a fifty day simple moving average of $143.04 and a 200 day simple moving average of $124.95. Colliers International Group has a 12-month low of $83.38 and a 12-month high of $154.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.30 billion, a P/E ratio of 72.80 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $1.21 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Colliers International Group will post 5.66 earnings per share for the current fiscal year.

Colliers International Group Company Profile

(Get Free Report

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.

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