Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Colliers International Group Inc. has received a consensus recommendation of "Moderate Buy" from thirteen research firms, with an average twelve-month price target of $168.40.
• Recent analyst reports have seen price target increases, with Scotiabank raising their target to $170 and Royal Bank Of Canada raising theirs to $185.
• The company's shares recently opened at $169.02, and it has reported a net margin of 2.17% with revenue growth of 18.3% year-over-year in its latest earnings results.

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have received a consensus recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $168.40.

Several research analysts have recently issued reports on CIGI shares. CIBC lifted their price target on Colliers International Group from $149.00 to $175.00 and gave the stock an "outperformer" rating in a research note on Friday, August 1st. Scotiabank lifted their price target on Colliers International Group from $155.00 to $170.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 1st. Citizens Jmp started coverage on Colliers International Group in a research note on Monday, July 21st. They set a "market perform" rating for the company. Stifel Nicolaus lifted their price target on Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada boosted their target price on shares of Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, August 1st.

Institutional Trading of Colliers International Group

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% in the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after buying an additional 116 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group in the 1st quarter valued at about $33,000. JPMorgan Chase & Co. purchased a new stake in Colliers International Group in the 2nd quarter valued at about $39,000. EverSource Wealth Advisors LLC grew its holdings in Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider's stock valued at $40,000 after buying an additional 63 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $169.02 on Tuesday. The firm has a market capitalization of $8.36 billion, a P/E ratio of 76.83 and a beta of 1.44. Colliers International Group has a one year low of $100.86 and a one year high of $169.26. The company's fifty day moving average is $143.64 and its two-hundred day moving average is $129.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.52 by $0.20. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates 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 was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. Analysts forecast that Colliers International Group will post 6.2 EPS for the current fiscal 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.

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