Colliers International Group (NASDAQ:CIGI) Given New $175.00 Price Target at Raymond James

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective boosted by stock analysts at Raymond James from $160.00 to $175.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price target would suggest a potential upside of 21.41% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Scotiabank reduced their target price on Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a report on Tuesday. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.63.

Colliers International Group Trading Up 2.4 %

Shares of Colliers International Group stock traded up $3.38 during trading hours on Thursday, reaching $144.14. 21,968 shares of the company’s stock were exchanged, compared to its average volume of 85,120. Colliers International Group has a 52-week low of $101.01 and a 52-week high of $156.96. The company has a fifty day moving average of $141.63 and a 200-day moving average of $143.01. 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 firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 45.90 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results 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 analysts’ expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. Sell-side analysts forecast that Colliers International Group will post 5.41 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

Large investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Colliers International Group in the 3rd quarter valued at about $69,920,000. Loomis Sayles & Co. L P lifted its position in shares of Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after purchasing an additional 128,005 shares during the last quarter. Clearbridge Investments LLC grew its stake in Colliers International Group by 91.3% in the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock worth $34,677,000 after purchasing an additional 148,265 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in Colliers International Group by 3.9% in the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock valued at $29,814,000 after buying an additional 8,148 shares during the last quarter. 80.09% of the stock is currently 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.