Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Rating of “Buy” from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $137.57.

CIGI has been the topic of a number of research reports. Royal Bank of Canada cut their price target on Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Raymond James boosted their target price on Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, February 9th. Stifel Nicolaus raised their price target on shares of Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Scotiabank cut their price objective on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, BMO Capital Markets increased their target price on shares of Colliers International Group from $129.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, February 9th.

Institutional Trading of Colliers International Group

A number of large investors have recently added to or reduced their stakes in CIGI. Bank of Nova Scotia increased its stake in shares of Colliers International Group by 7.2% during the 3rd quarter. Bank of Nova Scotia now owns 2,796 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 187 shares during the last quarter. Scotia Capital Inc. grew its holdings in Colliers International Group by 3.5% during the fourth quarter. Scotia Capital Inc. now owns 5,491 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 188 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the last quarter. Blair William & Co. IL raised its stake in Colliers International Group by 0.9% in the third quarter. Blair William & Co. IL now owns 26,437 shares of the financial services provider’s stock valued at $2,518,000 after buying an additional 241 shares during the period. Finally, Whittier Trust Co. lifted its position in shares of Colliers International Group by 12.8% in the third quarter. Whittier Trust Co. now owns 2,781 shares of the financial services provider’s stock valued at $265,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $111.86 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.02 and a current ratio of 1.18. Colliers International Group has a 52 week low of $83.38 and a 52 week high of $131.05. The company’s 50 day moving average price is $115.19 and its two-hundred day moving average price is $112.97. The company has a market capitalization of $5.47 billion, a P/E ratio of 54.57 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.01). The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. On average, analysts expect that Colliers International Group will post 5.56 earnings per share for the current fiscal year.

Colliers International Group Company Profile

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. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.