Stifel Nicolaus Forecasts Strong Price Appreciation for Colliers International Group (NASDAQ:CIGI) Stock

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target increased by equities research analysts at Stifel Nicolaus from $180.00 to $195.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 17.43% from the stock’s previous close.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. raised their price objective on Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Royal Bank Of Canada increased their target price on Colliers International Group from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. CIBC increased their price objective on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Citizens Jmp assumed coverage on Colliers International Group in a report on Monday, July 21st. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.70.

Colliers International Group Trading Down 1.9%

Shares of Colliers International Group stock opened at $166.05 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 75.48 and a beta of 1.44. The business has a fifty day simple moving average of $161.19 and a 200-day simple moving average of $140.65. Colliers International Group has a fifty-two week low of $100.86 and a fifty-two week high of $171.51.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Colliers International Group in the 3rd quarter valued at $608,000. Fort Washington Investment Advisors Inc. OH increased its stake in Colliers International Group by 25.5% during 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 in the last quarter. Blue Trust Inc. increased 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 during the period. Canoe Financial LP lifted its holdings in Colliers International Group by 10.8% during the third quarter. Canoe Financial LP now owns 40,180 shares of the financial services provider’s stock valued at $6,283,000 after purchasing an additional 3,901 shares in the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new position in Colliers International Group during the third quarter valued at $227,000. 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.