Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) PT at $155.83

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $155.83.

Several brokerages recently weighed in on CIGI. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Scotiabank raised their price target on shares of Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a report on Friday, August 2nd. BMO Capital Markets upped their price objective on shares of Colliers International Group from $140.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Raymond James downgraded shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. Finally, National Bankshares boosted their price target on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd.

Hedge Funds Weigh In On Colliers International Group

Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Colliers International Group by 13.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,832 shares of the financial services provider’s stock valued at $1,123,000 after buying an additional 1,074 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of Colliers International Group in the fourth quarter worth $252,000. Kornitzer Capital Management Inc. KS increased its position in Colliers International Group by 12.6% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 5,885 shares of the financial services provider’s stock worth $745,000 after acquiring an additional 660 shares during the period. LRT Capital Management LLC raised its stake in Colliers International Group by 47.6% during the 4th quarter. LRT Capital Management LLC now owns 15,422 shares of the financial services provider’s stock valued at $1,951,000 after purchasing an additional 4,970 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Colliers International Group by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 710,420 shares of the financial services provider’s stock valued at $89,882,000 after purchasing an additional 61,295 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Trading Down 1.0 %

Colliers International Group stock opened at $139.17 on Friday. Colliers International Group has a 12 month low of $83.38 and a 12 month high of $141.08. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock has a market cap of $6.81 billion, a P/E ratio of 67.89 and a beta of 1.50. The company’s fifty day simple moving average is $123.95 and its 200-day simple moving average is $118.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 25.35%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $1.21 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Colliers International Group will post 5.51 EPS for the current fiscal year.

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.