National Bankshares Raises Colliers International Group (NASDAQ:CIGI) Price Target to $175.00

Key Points

• National Bankshares has increased the price target for Colliers International Group from $169 to $175, indicating a potential upside of 15.54% from the current stock price.
• Colliers reported quarterly earnings of $1.72 per share, exceeding expectations by $0.20 and showing a revenue growth of 18.3% compared to the previous year.
• The consensus rating for Colliers International Group is a "Moderate Buy," with 80.09% of the company's stock currently owned by institutional investors and hedge funds.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its price target upped by equities researchers at National Bankshares from $169.00 to $175.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. National Bankshares' target price indicates a potential upside of 15.54% from the company's current price.

Several other brokerages also recently issued reports on CIGI. JMP Securities assumed coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Scotiabank cut their price objective on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective 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. Stifel Nicolaus reduced their target price on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Citizens Jmp assumed coverage on Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Colliers International Group currently has a consensus rating of "Moderate Buy" and an average price target of $166.90.

Colliers International Group Price Performance

CIGI traded up $0.76 during trading on Friday, reaching $151.47. The stock had a trading volume of 98,951 shares, compared to its average volume of 132,098. The stock has a 50 day moving average of $131.44 and a two-hundred day moving average of $127.54. 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 firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 53.17 and a beta of 1.39. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.20. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a net margin of 2.92% and a return on equity of 20.20%. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 earnings per share. As a group, equities analysts anticipate that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently modified their holdings of the company. TCTC Holdings LLC lifted its holdings in shares of Colliers International Group by 114.9% during the 1st 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 period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group during the 1st quarter worth approximately $33,000. Tower Research Capital LLC TRC increased its position in Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after buying an additional 298 shares in the last quarter. State of Wyoming bought a new position in shares of Colliers International Group in the first quarter valued at $52,000. Finally, Central Pacific Bank Trust Division boosted its holdings in Colliers International Group by 10.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.