Colliers International Group Inc. (NASDAQ:CIGI) Receives Average Recommendation of "Moderate Buy" from Analysts

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 earned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $172.30.

Several research analysts have weighed in on the company. Scotiabank lifted their target price on Colliers International Group from $155.00 to $170.00 and gave the company a "sector outperform" rating in a research note on Friday, August 1st. Raymond James Financial lifted their target price on Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citizens Jmp assumed coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. National Bankshares lifted their target price on Colliers International Group from $169.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a research note on Tuesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. TCTC Holdings LLC grew its stake in shares of 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 purchasing an additional 116 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Colliers International Group in the first quarter valued at approximately $33,000. JPMorgan Chase & Co. purchased a new stake in shares of Colliers International Group in the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its stake in shares of Colliers International Group by 26.3% in the second 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after buying an additional 298 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

CIGI traded down $0.22 during trading on Tuesday, hitting $165.35. 128,170 shares of the stock were exchanged, compared to its average volume of 151,570. The firm has a market capitalization of $8.18 billion, a P/E ratio of 75.16 and a beta of 1.44. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $170.65. The stock has a fifty day moving average price of $146.64 and a two-hundred day moving average price of $130.72. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly 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 return on equity of 20.82% and a net margin of 2.17%.The firm's revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, sell-side analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Colliers International Group Company Profile

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.