Colliers International Group (NASDAQ:CIGI) Given a $180.00 Price Target by Raymond James Analysts

Colliers International Group (NASDAQ:CIGIGet Rating) (TSE:CIGI) has been given a $180.00 target price by equities researchers at Raymond James in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the financial services provider’s stock. Raymond James’ target price would indicate a potential upside of 64.55% from the company’s previous close. Raymond James also issued estimates for Colliers International Group’s FY2022 earnings at $2.91 EPS and FY2023 earnings at $4.42 EPS.

Several other equities research analysts also recently issued reports on the company. National Bankshares cut their price objective on Colliers International Group from $176.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, May 4th. TheStreet downgraded Colliers International Group from a “b-” rating to a “c” rating in a report on Friday, March 4th. The Goldman Sachs Group started coverage on Colliers International Group in a report on Tuesday, April 5th. They issued a “neutral” rating and a $145.00 price objective on the stock. Zacks Investment Research downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Finally, StockNews.com raised Colliers International Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $165.89.

Shares of Colliers International Group stock traded up $4.28 during trading hours on Tuesday, hitting $109.39. The company’s stock had a trading volume of 12,467 shares, compared to its average volume of 94,869. Colliers International Group has a twelve month low of $104.53 and a twelve month high of $158.42. The firm has a fifty day moving average of $123.28 and a 200-day moving average of $136.64. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of -11.35 and a beta of 1.49. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.01 and a current ratio of 1.09.

Colliers International Group (NASDAQ:CIGIGet Rating) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.23 by $0.21. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $905.20 million. Colliers International Group had a negative return on equity of 75.86% and a negative net margin of 9.58%. The company’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. On average, sell-side analysts expect that Colliers International Group will post 3.06 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CIGI. Advisor Group Holdings Inc. raised its position in shares of Colliers International Group by 57.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 318 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 116 shares in the last quarter. Russell Investments Group Ltd. increased its position in Colliers International Group by 11.0% during the third quarter. Russell Investments Group Ltd. now owns 33,523 shares of the financial services provider’s stock worth $4,290,000 after buying an additional 3,328 shares during the period. Swiss National Bank increased its position in Colliers International Group by 10.5% during the third quarter. Swiss National Bank now owns 75,900 shares of the financial services provider’s stock worth $9,667,000 after buying an additional 7,200 shares during the period. TD Asset Management Inc. increased its position in Colliers International Group by 4.2% during the third quarter. TD Asset Management Inc. now owns 158,573 shares of the financial services provider’s stock worth $20,294,000 after buying an additional 6,366 shares during the period. Finally, Barclays PLC increased its position in Colliers International Group by 44.7% during the third quarter. Barclays PLC now owns 3,333 shares of the financial services provider’s stock worth $426,000 after buying an additional 1,029 shares during the period. 63.84% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Company Profile (Get Rating)

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. It offers sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services.

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