Colliers International Group Inc. (NASDAQ:CIGI) Receives $165.38 Consensus Target Price from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $165.3750.

Several research analysts have issued reports on the company. Scotiabank dropped their target price on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Zacks Research upgraded Colliers International Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research report on Friday, March 13th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Royal Bank Of Canada dropped their target price on Colliers International Group from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, March 30th.

Colliers International Group Trading Down 5.6%

Shares of NASDAQ CIGI opened at $97.00 on Friday. The business’s 50 day moving average is $110.04 and its two-hundred day moving average is $132.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. Colliers International Group has a 1-year low of $94.57 and a 1-year high of $171.51. The stock has a market capitalization of $4.96 billion, a P/E ratio of 48.26 and a beta of 1.31.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). Colliers International Group had a net margin of 1.85% and a return on equity of 20.43%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $0.87 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, research analysts expect that Colliers International Group will post 6.4 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CIGI. Durable Capital Partners LP boosted its holdings in shares of Colliers International Group by 2.0% in the third quarter. Durable Capital Partners LP now owns 3,699,124 shares of the financial services provider’s stock valued at $577,840,000 after purchasing an additional 73,623 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider’s stock valued at $293,379,000 after purchasing an additional 23,516 shares during the period. FIL Ltd boosted its holdings in shares of Colliers International Group by 5.0% in the fourth quarter. FIL Ltd now owns 1,780,980 shares of the financial services provider’s stock valued at $261,772,000 after purchasing an additional 85,078 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Colliers International Group by 16.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,308,985 shares of the financial services provider’s stock valued at $192,436,000 after purchasing an additional 187,663 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Colliers International Group by 69.0% in the fourth quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock valued at $158,274,000 after purchasing an additional 439,607 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

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.