Colliers International Group (NASDAQ:CIGI) Price Target Raised to $180.00

Key Points

• Raymond James Financial raised its price target for Colliers International Group from $170.00 to $180.00, indicating a potential upside of 18.84% from the stock's previous close.
• Colliers reported a net margin of 2.92% and a revenue of $1.37 billion for the last quarter, surpassing analysts' expectations of $1.29 billion.
• The company has a consensus rating of "Moderate Buy" from equities research analysts, with an average price target of $166.90.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its price target lifted by equities researchers at Raymond James Financial from $170.00 to $180.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Raymond James Financial's price target points to a potential upside of 16.13% from the company's previous close.

Several other research firms also recently weighed in on CIGI. Royal Bank Of Canada increased their price target on Colliers International Group from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. cut their price target on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Scotiabank increased 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. National Bankshares increased their price target on Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on shares of Colliers International Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $168.40.

Colliers International Group Stock Up 1.9%

Colliers International Group stock traded up $2.91 during trading on Friday, hitting $155.00. 57,240 shares of the company were exchanged, compared to its average volume of 131,970. The business's 50 day moving average is $132.78 and its 200 day moving average is $127.68. Colliers International Group has a 52 week low of $100.86 and a 52 week high of $156.96. The company has a market capitalization of $7.67 billion, a P/E ratio of 70.45 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 (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. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. Colliers International Group had a return on equity of 21.13% and a net margin of 2.17%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Trading of Colliers International Group

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Colliers International Group by 1.4% in the first quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider's stock worth $462,816,000 after purchasing an additional 52,414 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Colliers International Group by 12.4% in the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider's stock worth $360,595,000 after buying an additional 328,430 shares during the period. Vanguard Group Inc. grew its position in shares of Colliers International Group by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider's stock worth $230,558,000 after buying an additional 38,379 shares during the last quarter. FIL Ltd increased its stake in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after buying an additional 832,583 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Colliers International Group by 56.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider's stock valued at $117,140,000 after buying an additional 349,046 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

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.