Colliers International Group (NASDAQ:CIGI) Price Target Raised to $164.00 at BMO Capital Markets

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective hoisted by BMO Capital Markets from $163.00 to $164.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on the company. Scotiabank raised their price target on Colliers International Group from $150.00 to $155.00 and gave the stock a sector outperform rating in a research note on Friday, August 2nd. Raymond James downgraded Colliers International Group from a strong-buy rating to an outperform rating and boosted their price objective for the company from $150.00 to $160.00 in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price objective on Colliers International Group from $155.00 to $160.00 and gave the company a buy rating in a research report on Friday, August 2nd. StockNews.com upgraded Colliers International Group from a hold rating to a buy rating in a research report on Friday, September 6th. Finally, National Bankshares boosted their price objective on Colliers International Group from $125.00 to $137.00 and gave the company a sector perform rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $156.00.

Colliers International Group Stock Up 2.0 %

Colliers International Group stock opened at $146.63 on Friday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 71.53 and a beta of 1.49. The stock has a fifty day simple moving average of $134.97 and a two-hundred day simple moving average of $120.96. Colliers International Group has a 12 month low of $83.38 and a 12 month high of $147.53. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. Equities analysts predict that Colliers International Group will post 5.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Colliers International Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider’s stock worth $159,016,000 after purchasing an additional 5,152 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Colliers International Group by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after purchasing an additional 326,453 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Colliers International Group by 5.9% in the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock worth $82,973,000 after purchasing an additional 41,225 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Colliers International Group by 0.9% in the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after purchasing an additional 6,178 shares during the last quarter. 80.09% of the stock is owned by 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.