Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Colliers International Group, with seven buy ratings, one strong-buy rating and two holds. The average 12-month price target is $154.63, well above the reported $99.02 share price.
• Institutional investors own approximately 80.09% of CIGI’s shares, with several major holders—including Royal Bank of Canada and Spruce House Investment Management—increasing their positions.
• Colliers exceeded quarterly EPS expectations, reporting $1.83 versus the $1.79 consensus, while revenue rose 16.7% year over year to $1.38 billion but fell short of analyst estimates of $1.48 billion.

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have been given a consensus rating of "Moderate Buy" by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $154.6250.

A number of equities analysts have weighed in on the stock. Scotia decreased their target price on shares of Colliers International Group from $150.00 to $145.00 and set a "sector outperform" rating for the company in a research note on Friday, July 31st. Scotiabank reduced their price objective on Colliers International Group from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. National Bank Financial lifted their price objective on Colliers International Group from $109.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised Colliers International Group from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday, August 6th.

Institutional Trading of Colliers International Group

Several institutional investors have recently bought and sold shares of CIGI. Royal Bank of Canada increased its stake in Colliers International Group by 3.4% during the 1st quarter. Royal Bank of Canada now owns 3,970,524 shares of the financial services provider's stock valued at $424,409,000 after purchasing an additional 129,144 shares in the last quarter. Durable Capital Partners LP lifted its position in Colliers International Group by 2.0% in the 3rd quarter. Durable Capital Partners LP now owns 3,699,124 shares of the financial services provider's stock valued at $577,840,000 after acquiring an additional 73,623 shares in the last quarter. Spruce House Investment Management LLC boosted its stake in Colliers International Group by 93.0% during the 1st quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider's stock valued at $268,387,000 after purchasing an additional 1,209,867 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Colliers International Group during the second quarter valued at $292,656,000. Finally, Vanguard Group Inc. boosted its position in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider's stock valued at $293,379,000 after buying an additional 23,516 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

Shares of CIGI stock opened at $99.02 on Friday. Colliers International Group has a twelve month low of $88.38 and a twelve month high of $171.51. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 47.15 and a beta of 1.23. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. The business's fifty day moving average is $100.62 and its 200 day moving average is $102.95.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued 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. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business earned $1.72 EPS. Colliers International Group's quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts expect that Colliers International Group will post 6.82 EPS 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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