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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $158.33.

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Scotiabank lifted their price target on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 2nd. National Bankshares upped their price objective on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Raymond James cut Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $149.02 on Wednesday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 50.69 and a beta of 1.50. Colliers International Group has a 1 year low of $94.85 and a 1 year high of $156.29. The stock’s 50 day simple moving average is $148.12 and its two-hundred day simple moving average is $129.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CIGI. The Manufacturers Life Insurance Company boosted its holdings in Colliers International Group by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock valued at $112,834,000 after acquiring an additional 326,453 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Colliers International Group by 91.3% during the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock valued at $34,677,000 after purchasing an additional 148,265 shares during the period. Intact Investment Management Inc. bought a new position in shares of Colliers International Group in the second quarter worth about $6,970,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Colliers International Group in the 1st quarter worth about $7,092,000. Finally, Victory Capital Management Inc. lifted its holdings in Colliers International Group by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock valued at $82,973,000 after buying an additional 41,225 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

About Colliers International Group

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.