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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $160.42.

A number of equities analysts have issued reports on the company. National Bankshares increased their target price on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Scotiabank raised their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. 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 report on Friday, September 13th.

Colliers International Group Trading Up 1.2 %

NASDAQ:CIGI opened at $145.73 on Friday. The business’s 50-day simple moving average is $149.28 and its 200-day simple moving average is $132.95. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $7.16 billion, a PE ratio of 46.41 and a beta of 1.50.

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

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently made changes to their positions in CIGI. Blue Trust Inc. raised its position in Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 304 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 valued at $52,000 after purchasing an additional 226 shares during the period. Plato Investment Management Ltd acquired a new stake in Colliers International Group in the 3rd quarter valued at about $112,000. Bayesian Capital Management LP bought a new position in Colliers International Group during the first quarter worth about $205,000. Finally, Stonegate Investment Group LLC acquired a new position in Colliers International Group during the third quarter worth approximately $264,000. Institutional investors own 80.09% of the company’s stock.

About Colliers International Group

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.