Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $154.6250.

Several analysts have recently commented on CIGI shares. National Bank Financial increased their price target on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Scotia cut their price objective on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a research report on Friday, July 31st. Scotiabank reduced their target price on Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $94.83 on Friday. The business has a 50 day moving average price of $100.75 and a 200 day moving average price of $102.51. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $4.85 billion, a P/E ratio of 45.16 and a beta of 1.23. Colliers International Group has a 1-year low of $88.38 and a 1-year high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.04. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company earned $1.72 earnings per share. Colliers International Group’s revenue was up 16.7% compared to the same quarter last year. Sell-side analysts expect that Colliers International Group will post 6.92 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

A number of large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group during the 3rd quarter worth about $26,000. Arax Advisory Partners lifted its holdings in Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 126 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Colliers International Group during the 4th quarter worth about $32,000. Trust Co. of Vermont acquired a new stake in shares of Colliers International Group during the 2nd quarter worth about $36,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Colliers International Group during the second quarter worth about $39,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.