Colliers International Group (NASDAQ:CIGI) Price Target Raised to $185.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective upped by Scotiabank from $170.00 to $185.00 in a research report released on Tuesday, MarketBeat.com reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. JMP Securities began coverage on shares of Colliers International Group in a research note on Monday, July 21st. They issued a “market perform” rating for the company. Citizens Jmp began coverage on shares of Colliers International Group in a research note on Monday, July 21st. They issued a “market perform” rating for the company. CIBC lifted their price target on shares of Colliers International Group from $149.00 to $175.00 and gave the stock an “outperformer” rating in a research note on Friday, August 1st. Raymond James Financial boosted their target price on shares of Colliers International Group from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $173.80.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $166.32 on Tuesday. The company has a 50 day moving average price of $156.15 and a 200-day moving average price of $134.25. Colliers International Group has a 52 week low of $100.86 and a 52 week high of $170.65. The firm has a market capitalization of $8.24 billion, a PE ratio of 75.60 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $1.36 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, equities research analysts expect that Colliers International Group will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds have recently modified their holdings of CIGI. EverSource Wealth Advisors LLC increased its position in Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 63 shares during the last quarter. Cornerstone Investment Partners LLC increased its position in Colliers International Group by 3.6% during the second quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 77 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Colliers International Group by 10.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 100 shares during the last quarter. TCTC Holdings LLC grew its holdings in shares of Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Finally, Vista Finance LLC grew its holdings in shares of Colliers International Group by 4.1% in the second quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other 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.