Colliers International Group Inc. (NASDAQ:CIGI) Receives $139.13 Consensus Target Price from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $138.50.

A number of research analysts have recently weighed in on CIGI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $150.00 price objective on shares of Colliers International Group in a research note on Thursday, February 29th. BMO Capital Markets increased their price objective on shares of Colliers International Group from $129.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. National Bankshares downgraded shares of Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective on the stock. in a research report on Thursday, January 4th. Scotiabank dropped their target price on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating for the company in a report on Wednesday. Finally, Raymond James raised their price target on Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CIGI. Mackenzie Financial Corp lifted its position in Colliers International Group by 33.6% during the fourth quarter. Mackenzie Financial Corp now owns 725,052 shares of the financial services provider’s stock valued at $91,754,000 after purchasing an additional 182,167 shares during the last quarter. Swiss National Bank lifted its stake in shares of Colliers International Group by 10.9% in the 3rd quarter. Swiss National Bank now owns 91,600 shares of the financial services provider’s stock valued at $8,797,000 after purchasing an additional 9,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Colliers International Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,292,876 shares of the financial services provider’s stock valued at $123,146,000 after purchasing an additional 22,603 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Colliers International Group by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 718,321 shares of the financial services provider’s stock worth $68,420,000 after buying an additional 65,332 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Colliers International Group by 7.6% in the third quarter. Public Sector Pension Investment Board now owns 84,209 shares of the financial services provider’s stock valued at $8,057,000 after acquiring an additional 5,959 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Performance

CIGI stock opened at $108.94 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.02 and a quick ratio of 1.02. Colliers International Group has a 1 year low of $83.38 and a 1 year high of $131.05. The company has a market cap of $5.31 billion, a P/E ratio of 82.53 and a beta of 1.46. The stock’s fifty day moving average price is $119.68 and its 200-day moving average price is $111.35.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. On average, equities analysts forecast that Colliers International Group will post 5.62 earnings per share for the current 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.