Colliers International Group Inc. (NASDAQ:CIGI) Stock Has Consensus Price Target of $151.00

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $148.86.

Several equities research analysts have commented on CIGI shares. Scotia lowered their price target on shares of Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. National Bank Financial reduced their price objective on Colliers International Group from $110.00 to $109.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. BMO Capital Markets reissued an “outperform” rating on shares of Colliers International Group in a report on Thursday, September 24th. Weiss Ratings upgraded Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, Scotiabank dropped their target price on Colliers International Group from $145.00 to $130.00 and set a “sector outperform” rating on the stock in a report on Wednesday.

Colliers International Group Stock Up 2.5%

CIGI stock opened at $96.07 on Friday. The company has a market capitalization of $4.91 billion, a P/E ratio of 15.81 and a beta of 1.23. Colliers International Group has a 12 month low of $83.21 and a 12 month high of $162.53. The firm’s fifty day simple moving average is $93.74 and its 200-day simple moving average is $104.88. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.19.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.04. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 earnings per share. As a group, equities research analysts forecast that Colliers International Group will post 6.90 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently bought and sold shares of the stock. Norwood Investment Partners LP acquired a new stake in shares of Colliers International Group during the 2nd quarter worth approximately $1,989,540,000. JB Capital Partners LP acquired a new position in shares of Colliers International Group in the 2nd quarter valued at $1,435,879,000. Royal Bank of Canada lifted its stake in shares of Colliers International Group by 3.4% in the 1st quarter. Royal Bank of Canada now owns 3,970,524 shares of the financial services provider’s stock valued at $424,409,000 after purchasing an additional 129,144 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Colliers International Group in the 2nd quarter valued at $292,656,000. Finally, Spruce House Investment Management LLC boosted its holdings in Colliers International Group by 93.0% during the first quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider’s stock worth $268,387,000 after buying an additional 1,209,867 shares in the last quarter. 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 professional services and investment management company focused on commercial real estate and related business services. The company serves corporate, institutional and private clients through a broad platform that includes leasing, capital markets, valuation and advisory services.

Its other activities include property, facilities and project management, engineering and consulting services, and real estate investment management. These services are designed to help clients manage, develop, lease, acquire and dispose of commercial properties and portfolios across a range of sectors.

Colliers operates across the Americas, Asia Pacific and Europe, the Middle East and Africa through a combination of company-owned operations and affiliated offices.