Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) Target Price at $173.80

Key Points

• Colliers International Group Inc. has received a consensus rating of "Moderate Buy" from thirteen analysts, with an average target price of $173.80.
• Recent institutional investments show strong confidence in the company, with 80.09% of shares held by hedge funds and institutional investors, reflecting significant increases in positions by several firms.
• Colliers reported a quarterly EPS of $1.72, exceeding estimates, and demonstrated notable revenue growth of 18.3% year-over-year, reaching $1.37 billion for the quarter.

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $173.80.

Several brokerages have weighed in on CIGI. Scotiabank boosted their price objective on Colliers International Group from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. upped their price target on Colliers International Group from $137.00 to $181.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 26th. Citizens Jmp initiated coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. National Bankshares boosted their target price on Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, JMP Securities initiated coverage on Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating on the stock.

Institutional Trading of Colliers International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Colliers International Group during the second quarter worth about $96,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Colliers International Group by 7.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,726 shares of the financial services provider's stock worth $3,368,000 after purchasing an additional 1,859 shares in the last quarter. Durable Capital Partners LP grew its position in shares of Colliers International Group by 22.0% during the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider's stock worth $473,273,000 after purchasing an additional 652,744 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Colliers International Group by 9.2% during the second quarter. Raymond James Financial Inc. now owns 10,817 shares of the financial services provider's stock worth $1,412,000 after purchasing an additional 907 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Colliers International Group by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider's stock worth $117,619,000 after purchasing an additional 158,668 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Performance

CIGI traded down $1.93 during trading hours on Friday, hitting $164.39. The stock had a trading volume of 91,736 shares, compared to its average volume of 116,759. The company's fifty day simple moving average is $156.74 and its 200 day simple moving average is $134.57. Colliers International Group has a 1 year low of $100.86 and a 1 year high of $170.65. The stock has a market cap of $8.15 billion, a PE ratio of 74.72 and a beta of 1.41. 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 posted its earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.20. The business had revenue of $1.37 billion during 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 company's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. Equities analysts anticipate 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.