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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $173.80.

CIGI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. JMP Securities initiated coverage on shares of Colliers International Group in a report on Monday, July 21st. They set a “market perform” rating on the stock. Raymond James Financial increased their target price on shares of Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. CIBC increased their target price on shares of Colliers International Group from $149.00 to $175.00 and gave the stock an “outperformer” rating in a report on Friday, August 1st. Finally, Citizens Jmp initiated coverage on shares of Colliers International Group in a report on Monday, July 21st. They set a “market perform” rating on the stock.

Colliers International Group Trading Up 0.3%

NASDAQ CIGI opened at $157.00 on Friday. The company’s 50-day moving average price is $159.07 and its 200-day moving average price is $135.74. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The stock has a market cap of $7.78 billion, a PE ratio of 71.36 and a beta of 1.41. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $170.65.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results 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 analysts’ expectations of $1.29 billion. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Equities research analysts forecast that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC grew its holdings in Colliers International Group by 114.9% during the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Colliers International Group during the 1st quarter worth about $33,000. JPMorgan Chase & Co. bought a new position in Colliers International Group during the 2nd quarter worth about $39,000. EverSource Wealth Advisors LLC grew its holdings in Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 63 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Colliers International Group during the first quarter valued at about $52,000. 80.09% of the stock is currently owned by institutional investors.

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.