Colliers International Group Inc. (NASDAQ:CIGI) Receives $160.42 Average Price Target from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $160.42.

CIGI has been the subject of a number of recent analyst reports. Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $160.00 in a report on Friday, August 2nd. Stifel Nicolaus lifted their target price on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th.

Colliers International Group Trading Up 1.0 %

Shares of CIGI opened at $153.02 on Friday. The business has a 50-day moving average of $149.70 and a 200 day moving average of $133.95. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The firm has a market cap of $7.52 billion, a P/E ratio of 48.73 and a beta of 1.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. As a group, research analysts forecast that Colliers International Group will post 5.44 EPS for the current year.

Institutional Trading of Colliers International Group

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in 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 buying an additional 304 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Colliers International Group by 93.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock worth $52,000 after buying an additional 226 shares during the last quarter. Plato Investment Management Ltd bought a new stake in Colliers International Group in the 3rd quarter worth approximately $112,000. Bayesian Capital Management LP bought a new stake in Colliers International Group in the 1st quarter worth approximately $205,000. Finally, Stonegate Investment Group LLC bought a new stake in Colliers International Group in the 3rd quarter worth approximately $264,000. Institutional investors own 80.09% of the company’s stock.

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.