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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $157.5556.

Several equities research analysts have weighed in on CIGI shares. BMO Capital Markets lowered their price objective on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial reduced their target price on shares of Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. National Bank Financial raised their price target on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their price objective on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th.

Institutional Investors Weigh In On Colliers International Group

Several hedge funds and other institutional investors have recently made changes to their positions in CIGI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Colliers International Group during the third quarter valued at $26,000. Arax Advisory Partners increased its position in Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares during the period. Kestra Advisory Services LLC acquired a new stake in Colliers International Group in the fourth quarter worth about $32,000. Trust Co. of Vermont bought a new stake in Colliers International Group during the 2nd quarter worth about $36,000. Finally, JPMorgan Chase & Co. bought a new stake in Colliers International Group during the 2nd quarter worth about $39,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

Shares of NASDAQ:CIGI opened at $103.43 on Tuesday. The business has a fifty day moving average of $97.83 and a 200-day moving average of $105.71. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.19 and a current ratio of 1.19. Colliers International Group has a twelve month low of $88.38 and a twelve month high of $171.51. The firm has a market cap of $5.29 billion, a PE ratio of 49.25 and a beta of 1.24.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.04. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities research analysts predict that Colliers International Group will post 6.82 EPS for the current fiscal year.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.