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

Key Points

• Stifel Nicolaus has raised its price target for Colliers International Group from $165.00 to $180.00, maintaining a "buy" rating, indicating a potential upside of 18.84% from the current price.
• Colliers International Group recently reported earnings of $1.72 per share, exceeding estimates, with revenue of $1.37 billion that surpassed forecasts.
• Overall, the stock has received a consensus rating of "Moderate Buy" from analysts, with target prices ranging from $142.00 to $180.00.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its target price increased by investment analysts at Stifel Nicolaus from $165.00 to $180.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Stifel Nicolaus' price objective points to a potential upside of 18.84% from the company's current price.

Other equities analysts have also issued research reports about the company. National Bankshares increased their target price on Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday. JMP Securities assumed coverage on shares of Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. dropped their target price on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Citizens Jmp began coverage on Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Finally, Scotiabank raised their target price on Colliers International Group from $155.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus price target of $166.90.

Colliers International Group Stock Performance

Shares of CIGI stock traded up $0.76 on Friday, hitting $151.47. The company had a trading volume of 98,951 shares, compared to its average volume of 132,098. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $131.44 and a 200-day moving average price of $127.54. Colliers International Group has a twelve month low of $100.86 and a twelve month high of $156.96. The firm has a market cap of $7.49 billion, a P/E ratio of 53.17 and a beta of 1.39.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 EPS 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 analysts' expectations of $1.29 billion. Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The business's revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 earnings per share. As a group, equities research analysts predict that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

A number of large investors have recently modified their holdings of CIGI. Central Pacific Bank Trust Division increased its holdings in Colliers International Group by 10.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock valued at $133,000 after buying an additional 100 shares in the last quarter. TCTC Holdings LLC grew its holdings in shares of Colliers International Group by 114.9% during the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock worth $26,000 after buying an additional 116 shares in the last quarter. Vista Finance LLC raised its holdings in Colliers International Group by 4.1% in the 2nd quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider's stock valued at $401,000 after acquiring an additional 120 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Colliers International Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider's stock worth $1,100,000 after buying an additional 144 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in Colliers International Group by 0.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock worth $4,681,000 after purchasing an additional 151 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.

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