Colliers International Group Inc. (NASDAQ:CIGI) Stock Has Average Price Target of $151.00

Key Points

• Analysts maintain a moderately bullish view of Colliers International Group, with six buy ratings, one strong-buy rating and two holds. The average 12-month price target is $151, well above the reported $92.89 share price.
• Institutional ownership remains high at 80.09%, with several investment firms increasing their positions during the third quarter.
• 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 estimates.

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has received an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $151.00.

CIGI has been the topic of a number of research analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of Colliers International Group in a research report on Thursday, September 24th. Weiss Ratings raised Colliers International Group from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Scotiabank reduced their price objective on Colliers International Group from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. National Bank Financial decreased their price objective on Colliers International Group from $110.00 to $109.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Finally, Scotia lowered their target price on Colliers International Group from $150.00 to $145.00 and set a "sector outperform" rating for the company in a research report on Friday, July 31st.

Hedge Funds Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Compass Ion Advisors LLC increased its holdings in shares of Colliers International Group by 4.4% in the 3rd quarter. Compass Ion Advisors LLC now owns 2,747 shares of the financial services provider's stock worth $247,000 after buying an additional 116 shares during the last quarter. Louisbourg Investments Inc. lifted its holdings in shares of Colliers International Group by 9.1% in the 3rd quarter. Louisbourg Investments Inc. now owns 94,813 shares of the financial services provider's stock valued at $8,525,000 after acquiring an additional 7,881 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Colliers International Group in the 3rd quarter valued at about $599,000. Cooper Investors PTY Ltd. lifted its holdings in shares of Colliers International Group by 16.4% in the 3rd quarter. Cooper Investors PTY Ltd. now owns 40,276 shares of the financial services provider's stock valued at $3,617,000 after acquiring an additional 5,666 shares during the last quarter. Finally, Burkett Asset Management Ltd grew its position in Colliers International Group by 2.0% in the third quarter. Burkett Asset Management Ltd now owns 16,685 shares of the financial services provider's stock worth $1,500,000 after acquiring an additional 330 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

CIGI stock opened at $92.89 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.19 and a current ratio of 1.19. The company's fifty day moving average price is $94.56 and its 200-day moving average price is $98.21. Colliers International Group has a one year low of $83.21 and a one year high of $171.51. The company has a market capitalization of $4.75 billion, a PE ratio of 44.23 and a beta of 1.23.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.79 by $0.04. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 EPS. On average, equities analysts anticipate that Colliers International Group will post 6.90 EPS for the current fiscal year.

About Colliers International Group

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related business services. The company serves corporate, institutional and private clients through a broad platform that includes leasing, capital markets, valuation and advisory services.

Its other activities include property, facilities and project management, engineering and consulting services, and real estate investment management. These services are designed to help clients manage, develop, lease, acquire and dispose of commercial properties and portfolios across a range of sectors.

Colliers operates across the Americas, Asia Pacific and Europe, the Middle East and Africa through a combination of company-owned operations and affiliated offices.

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