Colliers International Group (NASDAQ:CIGI) Stock Price Expected to Rise, Scotiabank Analyst Says

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective raised by Scotiabank from $155.00 to $167.50 in a report released on Wednesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the financial services provider’s stock.

CIGI has been the subject of a number of other research reports. BMO Capital Markets lifted their price objective 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. Raymond James downgraded shares of 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. Stifel Nicolaus boosted their price objective on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.42.

Colliers International Group Stock Up 0.4 %

Shares of CIGI stock opened at $151.85 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.42. Colliers International Group has a 1 year low of $94.85 and a 1 year high of $156.96. The firm’s fifty day moving average price is $148.53 and its two-hundred day moving average price is $130.42. The firm has a market capitalization of $7.46 billion, a P/E ratio of 48.36 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business earned $1.10 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts predict that Colliers International Group will post 5.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Several large investors have recently modified their holdings of CIGI. Whittier Trust Co. of Nevada Inc. grew its holdings in Colliers International Group by 575.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. Blue Trust Inc. lifted its position in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Colliers International Group during the third quarter valued at about $112,000. Central Pacific Bank Trust Division bought a new position in shares of Colliers International Group during the first quarter valued at about $118,000. Finally, Bayesian Capital Management LP bought a new stake in Colliers International Group in the first quarter worth about $205,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.