Colliers International Group's (CIGI) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Colliers International Group's stock received a "hold (c)" rating from Weiss Ratings, while other analysts have given it varying ratings, including strong buy and outperform.
• JPMorgan Chase & Co. and Scotiabank raised their target prices for the stock to $181.00 and $185.00, respectively, reflecting positive analyst sentiment.
• The company reported a quarterly revenue of $1.37 billion, exceeding estimates and marking an 18.3% increase compared to the same period last year.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI's stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

CIGI has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on Colliers International Group from $137.00 to $181.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Citizens Jmp initiated coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating on the stock. Scotiabank boosted their target price on Colliers International Group from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, September 16th. National Bankshares boosted their target price on Colliers International Group from $169.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, CIBC boosted their target price on Colliers International Group from $149.00 to $175.00 and gave the company an "outperformer" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $173.80.

Colliers International Group Price Performance

Colliers International Group stock traded down $0.34 during mid-day trading on Wednesday, hitting $151.68. 65,200 shares of the company were exchanged, compared to its average volume of 119,912. 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 business has a fifty day moving average of $160.93 and a 200 day moving average of $137.47. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $170.65. The company has a market capitalization of $7.52 billion, a PE ratio of 68.95 and a beta of 1.44.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced 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. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $1.36 earnings per share. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts expect that Colliers International Group will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently made changes to their positions in the stock. TCTC Holdings LLC raised its position 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 acquiring an additional 116 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $33,000. JPMorgan Chase & Co. purchased a new position in shares of Colliers International Group during the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider's stock valued at $40,000 after buying an additional 63 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $52,000. 80.09% of the stock is currently owned by institutional investors.

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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