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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $158.33.

A number of equities research analysts recently commented on CIGI shares. BMO Capital Markets lifted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Scotiabank lifted their price target on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. National Bankshares lifted their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Finally, Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $160.00 in a report on Friday, August 2nd.

Colliers International Group Price Performance

Colliers International Group stock opened at $153.92 on Wednesday. Colliers International Group has a 52 week low of $83.38 and a 52 week high of $156.29. The company’s 50 day moving average price is $146.96 and its two-hundred day moving average price is $127.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. The stock has a market cap of $7.53 billion, a P/E ratio of 75.08 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business earned $1.21 EPS. Colliers International Group’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Colliers International Group will post 5.66 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Blue Trust Inc. grew its position in shares of Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 316 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Colliers International Group during the 1st quarter valued at $118,000. Finally, Tobam grew its position in shares of Colliers International Group by 185.5% during the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 846 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other 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.