Shares of Colliers International Group Inc. (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $154.62.
A number of equities analysts recently issued reports on CIGI shares. BMO Capital Markets restated an “outperform” rating on shares of Colliers International Group in a report on Thursday, September 24th. Scotia decreased 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. Scotiabank lowered their target price on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Weiss Ratings raised shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, National Bank Financial upped their price target on shares of Colliers International Group from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 31st.
View Our Latest Report on Colliers International Group
Colliers International Group Price Performance
Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. Research analysts anticipate that Colliers International Group will post 6.92 earnings per share for the current year.
Hedge Funds Weigh In On Colliers International Group
Hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new stake in shares of Colliers International Group during the second quarter valued at approximately $36,000. Global Retirement Partners LLC bought a new stake in Colliers International Group during the 2nd quarter valued at $44,000. Tacita Capital Inc bought a new stake in Colliers International Group during the 2nd quarter valued at $67,000. Nykredit A S purchased a new stake in shares of Colliers International Group in the 2nd quarter worth $84,000. Finally, Callan Family Office LLC purchased a new stake in shares of Colliers International Group in the 2nd quarter worth $228,000. 80.09% of the stock is currently owned by institutional investors.
Colliers International Group Company Profile
Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related infrastructure markets. Through its operating businesses, the company provides real estate advisory and brokerage services, valuation and consulting, corporate solutions, property management, project management, and engineering services.
Colliers also manages investments for institutional and private clients through its investment management business.
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