Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $139.13

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $138.50.

Several research firms have recently issued reports on CIGI. Scotiabank reduced their target price on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Wednesday. BMO Capital Markets lifted their target price on shares of Colliers International Group from $129.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Royal Bank of Canada restated an “outperform” rating and issued a $150.00 target price on shares of Colliers International Group in a research note on Thursday, February 29th. Raymond James increased their price target on Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus lifted their price target on Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, February 2nd.

Colliers International Group Price Performance

CIGI stock opened at $108.94 on Friday. The company has a market capitalization of $5.31 billion, a P/E ratio of 82.53 and a beta of 1.46. Colliers International Group has a 52-week low of $83.38 and a 52-week high of $131.05. The business has a 50-day simple moving average of $119.68 and a two-hundred day simple moving average of $111.35. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.02 and a current ratio of 1.02.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.01). Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Research analysts expect that Colliers International Group will post 5.62 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

A number of large investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Colliers International Group during the 4th quarter worth $47,753,000. Wellington Management Group LLP lifted its holdings in Colliers International Group by 181.6% during the third quarter. Wellington Management Group LLP now owns 494,012 shares of the financial services provider’s stock valued at $47,125,000 after purchasing an additional 318,591 shares during the last quarter. Mackenzie Financial Corp boosted its position in Colliers International Group by 73.9% during the third quarter. Mackenzie Financial Corp now owns 542,885 shares of the financial services provider’s stock worth $50,559,000 after purchasing an additional 230,664 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Colliers International Group by 48.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 697,809 shares of the financial services provider’s stock worth $88,405,000 after purchasing an additional 228,824 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new stake in shares of Colliers International Group in the fourth quarter valued at approximately $28,421,000. 80.09% of the stock is owned by hedge funds and other 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.