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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Colliers International Group, with seven buy ratings, three holds and one strong buy. The average 12-month price target is $157.56, well above the stock’s reported $100.08 price.
• Colliers reported quarterly EPS of $1.83, beating the $1.79 consensus estimate, while revenue rose 16.7% year over year to $1.38 billion but fell short of the $1.48 billion forecast.
• The stock has declined 1.4% and remains well below its 12-month high of $171.51; institutional investors and hedge funds own approximately 80.09% of outstanding shares.

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has been assigned a consensus rating of "Moderate Buy" from the eleven research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $157.5556.

Several equities analysts recently issued reports on CIGI shares. Royal Bank Of Canada reduced their price objective on shares of Colliers International Group from $160.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 6th. National Bank Financial lifted their target price on shares of Colliers International Group from $109.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. BMO Capital Markets cut their price target on Colliers International Group from $180.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, May 6th. Scotiabank reduced their price target on Colliers International Group from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Finally, Scotia decreased their price objective on 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.

Institutional Trading of Colliers International Group

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group during the 3rd quarter worth about $26,000. Arax Advisory Partners grew its holdings in Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 126 shares during the period. Kestra Advisory Services LLC purchased a new stake in Colliers International Group in the fourth quarter valued at approximately $32,000. Trust Co. of Vermont acquired a new position in shares of Colliers International Group in the 2nd quarter valued at $36,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Colliers International Group in the 2nd quarter valued at $39,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Trading Down 1.4%

Shares of CIGI stock opened at $100.08 on Tuesday. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 47.66 and a beta of 1.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average price of $97.12 and a 200 day moving average price of $106.98. Colliers International Group has a twelve month low of $88.38 and a twelve month high of $171.51.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly 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 company had revenue of $1.38 billion for 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 for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $1.72 EPS. Research analysts forecast that Colliers International Group will post 6.82 earnings per share for the current fiscal year.

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.

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