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

Key Points

• Colliers International Group Inc. (NASDAQ:CIGI) has received a consensus rating of “Moderate Buy” from 14 research firms, with an average target price of $173.80.
• Recently, various analysts, including those from Stifel Nicolaus and Royal Bank Of Canada, have raised their price targets for the stock, indicating a positive outlook.
• Colliers reported $1.72 earnings per share for the last quarter, beating expectations, and showing an 18.3% increase in revenue year-over-year.

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has received an average recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, MarketBeat reports. Six 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 12 month target price among analysts that have updated their coverage on the stock in the last year is $173.80.

Several research firms have recently issued reports on CIGI. Stifel Nicolaus raised their price target on Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Weiss Ratings restated a "hold (c)" rating on shares of Colliers International Group in a report on Wednesday, October 8th. Citizens Jmp assumed coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating on the stock. Royal Bank Of Canada raised their target price on Colliers International Group from $175.00 to $185.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, National Bankshares lifted their price objective on shares of Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CIGI. MQS Management LLC bought a new position in Colliers International Group during the first quarter worth about $527,000. Massachusetts Financial Services Co. MA grew its stake in Colliers International Group by 4.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 106,095 shares of the financial services provider's stock valued at $12,869,000 after acquiring an additional 4,153 shares during the period. Victory Capital Management Inc. grew its stake in Colliers International Group by 1.1% in the first quarter. Victory Capital Management Inc. now owns 697,015 shares of the financial services provider's stock valued at $84,548,000 after acquiring an additional 7,815 shares during the period. National Bank of Canada FI lifted its holdings in shares of Colliers International Group by 4.5% during the 1st quarter. National Bank of Canada FI now owns 96,676 shares of the financial services provider's stock valued at $11,414,000 after purchasing an additional 4,195 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Colliers International Group by 1.4% during the 1st quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider's stock valued at $462,816,000 after purchasing an additional 52,414 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Down 0.4%

Shares of NASDAQ CIGI opened at $152.58 on Wednesday. The firm has a market capitalization of $7.56 billion, a PE ratio of 69.35 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group has a 1 year low of $100.86 and a 1 year high of $170.65. The firm's 50-day moving average is $160.87 and its 200-day moving average is $138.35.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm earned $1.36 earnings per share. The business's revenue for the quarter was up 18.3% on a year-over-year basis. Equities analysts expect that Colliers International Group will post 6.2 EPS for the current 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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