Colliers International Group Inc. (NASDAQ:CIGI) Receives Average Rating of “Moderate Buy” from Analysts

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned 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 $154.6250.

CIGI has been the subject of a number of recent research reports. Weiss Ratings upgraded Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Scotia lowered their price target on shares of Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. National Bank Financial boosted their price target on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Scotiabank dropped their price objective on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, July 31st.

Institutional Trading of Colliers International Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIGI. The Manufacturers Life Insurance Company bought a new stake in shares of Colliers International Group in the 2nd quarter valued at approximately $292,656,000. Jupiter Topco LLC bought a new position in shares of Colliers International Group during the 2nd quarter worth approximately $238,809,000. Spruce House Investment Management LLC lifted its position in shares of Colliers International Group by 93.0% during the 1st quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider’s stock worth $268,387,000 after buying an additional 1,209,867 shares during the period. Turtle Creek Asset Management Inc. boosted its stake in Colliers International Group by 100.9% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,633,556 shares of the financial services provider’s stock valued at $174,611,000 after buying an additional 820,315 shares in the last quarter. Finally, Durable Capital Partners LP boosted its stake in Colliers International Group by 22.0% in the 2nd quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock valued at $473,273,000 after buying an additional 652,744 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 2.4%

Colliers International Group stock opened at $93.35 on Friday. The business has a 50 day moving average price of $100.50 and a two-hundred day moving average price of $102.28. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 44.45 and a beta of 1.23. Colliers International Group has a 12 month low of $88.38 and a 12 month high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.48 billion. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned $1.72 EPS. As a group, equities analysts forecast that Colliers International Group will post 6.92 EPS for the current year.

Colliers International Group Company Profile

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related industries. The company provides services to occupiers, owners, investors and developers across office, industrial, retail, multifamily, hospitality and other property sectors.

Its offerings include leasing and sales brokerage, capital markets advisory, valuation and appraisal, debt and equity placement, property and facilities management, project management, workplace consulting and engineering services.