Colliers International Group Inc. (NASDAQ:CIGI) Receives $173.80 Average PT from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $173.80.

Several analysts have recently commented on the stock. CIBC lifted their price target on shares of Colliers International Group from $149.00 to $175.00 and gave the company an “outperformer” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target 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. JMP Securities assumed coverage on shares of Colliers International Group in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Royal Bank Of Canada lifted their target price on shares of Colliers International Group from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Citizens Jmp assumed coverage on shares of Colliers International Group in a report on Monday, July 21st. They issued a “market perform” rating for the company.

Colliers International Group Stock Up 2.0%

CIGI stock opened at $157.62 on Wednesday. The firm has a market cap of $7.81 billion, a PE ratio of 71.65 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50 day moving average price is $160.80 and its 200-day moving average price is $138.93. Colliers International Group has a one year low of $100.86 and a one year high of $170.65.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.52 by $0.20. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. On average, equities research analysts anticipate that Colliers International Group will post 6.2 EPS for the current year.

Institutional Trading of Colliers International Group

Several institutional investors have recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH increased its holdings in Colliers International Group by 25.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 161,618 shares of the financial services provider’s stock valued at $25,246,000 after purchasing an additional 32,852 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Colliers International Group by 17.1% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 74 shares in the last quarter. Canoe Financial LP grew its stake in shares of Colliers International Group by 10.8% in the third quarter. Canoe Financial LP now owns 40,180 shares of the financial services provider’s stock worth $6,283,000 after acquiring an additional 3,901 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of Colliers International Group in the third quarter worth $227,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Colliers International Group in the second quarter worth $96,000. Institutional investors and hedge funds 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.