Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Recommendation of “Buy” by Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $160.42.

Several research analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Stifel Nicolaus lifted their price target 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. Scotiabank upped their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $145.73 on Friday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 46.41 and a beta of 1.50. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $149.28 and its 200-day simple moving average is $132.95.

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

Institutional Investors Weigh In On Colliers International Group

Several hedge funds and other institutional investors have recently made changes to their positions in CIGI. Russell Investments Group Ltd. grew its position in shares of Colliers International Group by 33.9% during the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock worth $2,015,000 after buying an additional 4,169 shares during the period. Empowered Funds LLC grew its position in shares of Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 4,678 shares during the period. Addenda Capital Inc. increased its stake in shares of Colliers International Group by 20.6% in the 2nd quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock valued at $17,152,000 after acquiring an additional 26,263 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Colliers International Group in the 2nd quarter valued at approximately $567,000. Finally, Bank of Montreal Can boosted its stake in Colliers International Group by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after acquiring an additional 6,178 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

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.