Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $160.42

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One 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 objective among brokerages that have updated their coverage on the stock in the last year is $160.42.

A number of equities analysts recently weighed in on CIGI shares. Scotiabank lifted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. National Bankshares boosted their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their target price on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

Colliers International Group Price Performance

Shares of CIGI opened at $151.50 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The firm has a 50-day simple moving average of $149.41 and a 200-day simple moving average of $133.55. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 48.40 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 earnings per share. On average, equities research analysts anticipate that Colliers International Group will post 5.44 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Colliers International Group by 33.9% in the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock worth $2,015,000 after buying an additional 4,169 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Colliers International Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider’s stock valued at $159,016,000 after purchasing an additional 5,152 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Colliers International Group by 7.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 11,751 shares of the financial services provider’s stock worth $1,435,000 after purchasing an additional 770 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Colliers International Group during the 1st quarter worth approximately $205,000. Finally, Addenda Capital Inc. lifted its stake in Colliers International Group by 20.6% in the 2nd quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock valued at $17,152,000 after buying an additional 26,263 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.