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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $173.80.

Several research firms have recently commented on CIGI. Scotiabank boosted their price target on shares of Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. Royal Bank Of Canada boosted their target price on shares of Colliers International Group from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Stifel Nicolaus raised their price target on shares of Colliers International Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 1st. National Bankshares lifted their price target on shares of Colliers International Group from $169.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, JMP Securities began coverage on Colliers International Group in a research report on Monday, July 21st. They issued a “market perform” rating for the company.

Institutional Trading of Colliers International Group

Several institutional investors and hedge funds have recently bought and sold shares of CIGI. Fort Washington Investment Advisors Inc. OH lifted its position in Colliers International Group by 25.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 161,618 shares of the financial services provider’s stock valued at $25,246,000 after buying an additional 32,852 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Colliers International Group by 17.1% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 74 shares during the period. Canoe Financial LP lifted its holdings in shares of Colliers International Group by 10.8% in the 3rd quarter. Canoe Financial LP now owns 40,180 shares of the financial services provider’s stock worth $6,283,000 after acquiring an additional 3,901 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of Colliers International Group in the 3rd quarter worth approximately $227,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Colliers International Group during the 2nd quarter worth approximately $96,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Trading Up 2.0%

Shares of Colliers International Group stock opened at $157.62 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $160.80 and its 200-day simple moving average is $139.19. The stock has a market cap of $7.81 billion, a P/E ratio of 71.65 and a beta of 1.44. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $170.65.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.20. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. Analysts predict that Colliers International Group will post 6.2 EPS for the current fiscal year.

About Colliers International Group

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.