Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have received an average rating of "Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $160.42.

CIGI has been the topic of a number of recent analyst reports. Scotiabank raised their target price on Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. National Bank Financial raised shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Raymond James cut shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and increased their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Stifel Nicolaus boosted their price target on Colliers International Group from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada raised their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research report on Monday, October 21st.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in shares of Colliers International Group by 33.9% during the first quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider's stock valued at $2,015,000 after acquiring an additional 4,169 shares during the last quarter. Empowered Funds LLC grew its position in Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider's stock valued at $1,885,000 after acquiring an additional 4,678 shares in the last quarter. Addenda Capital Inc. increased its stake in Colliers International Group by 20.6% during the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider's stock worth $17,152,000 after purchasing an additional 26,263 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Colliers International Group in the second quarter valued at approximately $567,000. Finally, Bank of Montreal Can grew its holdings in shares of Colliers International Group by 0.9% in the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider's stock valued at $76,703,000 after purchasing an additional 6,178 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Up 1.2 %

NASDAQ CIGI traded up $1.75 on Friday, reaching $145.73. The company had a trading volume of 115,876 shares, compared to its average volume of 114,366. The firm has a 50-day moving average of $149.28 and a 200-day moving average of $132.95. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $7.16 billion, a PE ratio of 46.41 and a beta of 1.50. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. On average, equities research analysts anticipate that Colliers International Group will post 5.44 EPS 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.