Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently 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 twelve-month price objective among brokers that have covered the stock in the last year is $156.00.

Several equities analysts have commented on CIGI shares. 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. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of Colliers International Group in a report on Monday, September 9th. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank increased their price target on Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday.

Colliers International Group Stock Up 2.0 %

CIGI opened at $146.63 on Tuesday. The company has a market capitalization of $7.18 billion, a PE ratio of 71.53 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. Colliers International Group has a fifty-two week low of $83.38 and a fifty-two week high of $147.53. The business has a 50-day moving average of $135.67 and a 200-day moving average of $121.16.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its 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). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $1.21 earnings per share. Colliers International Group’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts forecast that Colliers International Group will post 5.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Several large investors have recently bought and sold shares of the stock. Scotia Capital Inc. raised its position in shares of Colliers International Group by 3.5% during the fourth quarter. Scotia Capital Inc. now owns 5,491 shares of the financial services provider’s stock valued at $692,000 after buying an additional 188 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Colliers International Group by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 238 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 304 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 316 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.