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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $156.20.

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Colliers International Group from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, October 26th. Raymond James boosted their price objective on Colliers International Group from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, November 3rd. Scotiabank boosted their price objective on Colliers International Group from $152.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, October 14th. Zacks Investment Research downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 9th. Finally, TD Securities boosted their price objective on Colliers International Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 26th.

Large investors have recently bought and sold shares of the stock. Gluskin Sheff & Assoc Inc. lifted its position in shares of Colliers International Group by 1.6% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 257,191 shares of the financial services provider’s stock worth $28,810,000 after buying an additional 4,136 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Colliers International Group during the second quarter valued at approximately $513,000. Tudor Investment Corp Et Al raised its position in Colliers International Group by 28.3% during the second quarter. Tudor Investment Corp Et Al now owns 22,282 shares of the financial services provider’s stock valued at $2,495,000 after purchasing an additional 4,921 shares during the period. Morgan Stanley raised its position in Colliers International Group by 888.8% during the first quarter. Morgan Stanley now owns 135,145 shares of the financial services provider’s stock valued at $13,277,000 after purchasing an additional 121,477 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Colliers International Group during the first quarter valued at approximately $507,000. Institutional investors own 61.52% of the company’s stock.

NASDAQ:CIGI traded up $2.19 during mid-day trading on Friday, hitting $144.78. 64,536 shares of the company traded hands, compared to its average volume of 68,638. The stock’s fifty day moving average price is $137.87 and its 200-day moving average price is $126.57. Colliers International Group has a one year low of $84.02 and a one year high of $150.64. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of -15.70 and a beta of 1.56.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Tuesday, November 2nd. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.90. Colliers International Group had a negative return on equity of 71.11% and a negative net margin of 10.94%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $795.00 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities analysts predict that Colliers International Group will post 1.43 EPS for the current year.

Colliers International Group Company Profile

Colliers International Group, Inc engages in the provision of commercial real estate services to corporate and institutional clients. The firm primarily offers outsourcing and advisory services, lease brokerage, and sales brokerage. It operates through the following geographical segments: Americas, EMEA, Asia Pacific, and Corporate.

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Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

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