Colliers International Group (NASDAQ:CIGI) Coverage Initiated at The Goldman Sachs Group

Analysts at The Goldman Sachs Group began coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a note issued to investors on Friday, Marketbeat reports. The firm set a “neutral” rating and a $170.00 price target on the financial services provider’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 12.00% from the stock’s current price.

CIGI has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. BMO Capital Markets boosted their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Scotiabank upped their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $161.79.

Colliers International Group Stock Down 0.2 %

Shares of CIGI opened at $151.79 on Friday. The company has a market capitalization of $7.66 billion, a P/E ratio of 48.34 and a beta of 1.47. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The business’s 50 day simple moving average is $150.15 and its 200-day simple moving average is $135.80.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Colliers International Group will post 5.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Colliers International Group by 47.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock valued at $112,834,000 after buying an additional 326,453 shares during the period. Victory Capital Management Inc. boosted its stake in Colliers International Group by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock worth $82,973,000 after purchasing an additional 41,225 shares during the period. Bank of Montreal Can boosted its stake in Colliers International Group by 0.9% in the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after purchasing an additional 6,178 shares during the period. Franklin Resources Inc. boosted its stake in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after purchasing an additional 340,691 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Colliers International Group in the 3rd quarter worth $69,920,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.