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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $156.00.

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of Colliers International Group in a report on Monday, September 9th. StockNews.com raised Colliers International Group from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd. Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $160.00 in a research report on Friday, August 2nd. BMO Capital Markets upped their price target on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus lifted their price objective on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $147.40 on Friday. The stock has a market cap of $7.21 billion, a PE ratio of 71.90 and a beta of 1.49. The stock has a 50-day moving average of $142.31 and a 200-day moving average of $124.40. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. Colliers International Group has a one year low of $83.38 and a one year high of $154.11.

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

Institutional Trading of Colliers International Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIGI. Vanguard Group Inc. increased its stake in shares of Colliers International Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider’s stock worth $159,016,000 after purchasing an additional 5,152 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Colliers International Group by 47.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after buying an additional 326,453 shares during the last quarter. Victory Capital Management Inc. raised its stake in Colliers International Group by 5.9% in the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock valued at $82,973,000 after buying an additional 41,225 shares during the period. Bank of Montreal Can lifted its position in shares of Colliers International Group by 0.9% in the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock valued at $76,703,000 after buying an additional 6,178 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Colliers International Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 561,869 shares of the financial services provider’s stock worth $71,212,000 after acquiring an additional 67,857 shares during the period. 80.09% of the stock is owned by institutional investors.

Colliers International Group Company Profile

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.