Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $83.33.

CIGI has been the topic of several recent research reports. Raymond James set a $85.00 target price on shares of Colliers International Group and gave the stock a “buy” rating in a report on Wednesday, October 31st. BidaskClub cut shares of Colliers International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, October 12th. ValuEngine cut shares of Colliers International Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 2nd. Royal Bank of Canada decreased their price objective on shares of Colliers International Group from $89.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective on the stock in a research note on Monday, November 5th.

Colliers International Group stock traded up $0.12 during trading hours on Friday, hitting $62.47. The company had a trading volume of 3,858 shares, compared to its average volume of 50,009. The stock has a market cap of $2.36 billion, a P/E ratio of 20.69 and a beta of 1.49. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.38. Colliers International Group has a one year low of $46.60 and a one year high of $84.20.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, October 30th. The financial services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.60. Colliers International Group had a net margin of 2.96% and a return on equity of 31.08%. The company had revenue of $715.70 million for the quarter, compared to analysts’ expectations of $698.53 million. During the same period last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts anticipate that Colliers International Group will post 2.5 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of CIGI. Greystone Managed Investments Inc. acquired a new stake in Colliers International Group in the second quarter valued at approximately $17,672,000. American Century Companies Inc. acquired a new position in shares of Colliers International Group during the second quarter worth $12,835,000. PCJ Investment Counsel Ltd. lifted its holdings in shares of Colliers International Group by 143.0% during the third quarter. PCJ Investment Counsel Ltd. now owns 244,179 shares of the financial services provider’s stock worth $18,900,000 after purchasing an additional 143,699 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Colliers International Group by 90.4% during the third quarter. Canada Pension Plan Investment Board now owns 175,905 shares of the financial services provider’s stock worth $13,615,000 after purchasing an additional 83,505 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in shares of Colliers International Group by 6.9% during the third quarter. William Blair Investment Management LLC now owns 1,217,173 shares of the financial services provider’s stock worth $94,392,000 after purchasing an additional 78,358 shares during the period. Hedge funds and other institutional investors own 69.07% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

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