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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $157.5556.

CIGI has been the topic of several recent research reports. Scotiabank reduced their price objective on Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Scotia dropped their target price on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a research report on Friday, July 31st. National Bank Financial lifted their price target on Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Royal Bank Of Canada reduced their price target on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Finally, BMO Capital Markets lowered their price objective on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th.

Colliers International Group Stock Down 0.4%

CIGI stock opened at $105.41 on Tuesday. The stock has a market capitalization of $5.39 billion, a P/E ratio of 50.20 and a beta of 1.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. Colliers International Group has a 12 month low of $88.38 and a 12 month high of $171.51. The firm has a 50-day moving average price of $97.70 and a 200-day moving average price of $106.17.

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

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alberta Investment Management Corp bought a new position in shares of Colliers International Group during the 4th quarter worth approximately $47,799,000. Vestcor Inc bought a new stake in shares of Colliers International Group in the 4th quarter valued at $2,205,000. UBS Group AG lifted its position in shares of Colliers International Group by 48.3% during the 4th quarter. UBS Group AG now owns 38,202 shares of the financial services provider’s stock valued at $5,616,000 after acquiring an additional 12,439 shares during the period. Montrusco Bolton Investments Inc. lifted its position in shares of Colliers International Group by 12.5% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 145,285 shares of the financial services provider’s stock valued at $15,484,000 after acquiring an additional 16,108 shares during the period. Finally, Norges Bank acquired a new position in shares of Colliers International Group during the 4th quarter valued at $84,906,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.