Colliers International Group Inc. (NASDAQ:CIGI) Stock Has Consensus Target Price of $154.62

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $154.62.

A number of analysts recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating on shares of Colliers International Group in a report on Thursday, September 24th. Scotiabank dropped their price objective 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. National Bank Financial increased their price objective on Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings raised Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Finally, Scotia lowered their target price on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 31st.

Hedge Funds Weigh In On Colliers International Group

Large investors have recently modified their holdings of the business. Norwood Investment Partners LP purchased a new stake in shares of Colliers International Group during the 2nd quarter valued at approximately $1,989,540,000. JB Capital Partners LP purchased a new position in Colliers International Group in the 2nd quarter valued at approximately $1,435,879,000. Royal Bank of Canada raised its holdings in Colliers International Group by 3.4% during the 1st quarter. Royal Bank of Canada now owns 3,970,524 shares of the financial services provider’s stock valued at $424,409,000 after acquiring an additional 129,144 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Colliers International Group during the 2nd quarter valued at $292,656,000. Finally, Spruce House Investment Management LLC lifted its position in shares of Colliers International Group by 93.0% during the first quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider’s stock worth $268,387,000 after acquiring an additional 1,209,867 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI opened at $87.61 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 41.72 and a beta of 1.23. The stock has a 50 day moving average of $97.60 and a 200 day moving average of $99.44. Colliers International Group has a 12 month low of $87.36 and a 12 month high of $171.51.

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

About Colliers International Group

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related infrastructure markets. Through its operating businesses, the company provides real estate advisory and brokerage services, valuation and consulting, corporate solutions, property management, project management, and engineering services.

Colliers also manages investments for institutional and private clients through its investment management business.