Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) Target Price at $157.56

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $157.5556.

A number of research firms have issued reports on CIGI. Royal Bank Of Canada cut their target price on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. BMO Capital Markets dropped their price objective on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings raised shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. National Bank Financial lifted their price objective on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Raymond James Financial reduced their target price on shares of Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group during the third quarter valued at about $26,000. Arax Advisory Partners lifted its stake in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 126 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Colliers International Group in the fourth quarter valued at approximately $32,000. Trust Co. of Vermont bought a new position in shares of Colliers International Group in the second quarter valued at approximately $36,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Colliers International Group during the second quarter valued at approximately $39,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Up 4.9%

Shares of Colliers International Group stock opened at $105.79 on Tuesday. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 50.38 and a beta of 1.24. Colliers International Group has a twelve month low of $88.38 and a twelve month high of $171.51. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The business’s 50 day simple moving average is $97.53 and its 200-day simple moving average is $106.18.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Equities research analysts forecast that Colliers International Group will post 6.82 earnings per share for the current year.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.