Colliers International Group Inc (CIGI) Receives Consensus Rating of “Buy” from Analysts

Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus rating of “Buy” by the nine ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $79.75.

CIGI has been the subject of a number of research analyst reports. Zacks Investment Research lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. BidaskClub lowered Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 4th. ValuEngine lowered Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. Finally, Royal Bank of Canada upped their price target on Colliers International Group from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st.

Shares of CIGI stock opened at $77.90 on Thursday. Colliers International Group has a 12 month low of $46.60 and a 12 month high of $84.20. The company has a market cap of $2.98 billion, a PE ratio of 25.79 and a beta of 1.45. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.11 and a quick ratio of 1.11.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.58. Colliers International Group had a return on equity of 29.50% and a net margin of 2.66%. The company had revenue of $667.40 million during the quarter, compared to analyst estimates of $641.10 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. equities analysts anticipate that Colliers International Group will post 2.3 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of Colliers International Group by 4.8% in the second quarter. Renaissance Technologies LLC now owns 958,200 shares of the financial services provider’s stock valued at $72,547,000 after purchasing an additional 43,700 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Colliers International Group by 18.4% in the first quarter. Royal Bank of Canada now owns 953,598 shares of the financial services provider’s stock valued at $66,227,000 after purchasing an additional 148,409 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Colliers International Group by 117.2% in the first quarter. The Manufacturers Life Insurance Company now owns 567,921 shares of the financial services provider’s stock valued at $39,442,000 after purchasing an additional 306,471 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Colliers International Group by 17.3% in the second quarter. Fiera Capital Corp now owns 486,564 shares of the financial services provider’s stock valued at $37,022,000 after purchasing an additional 71,821 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Colliers International Group by 7.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 475,582 shares of the financial services provider’s stock valued at $36,161,000 after purchasing an additional 31,765 shares in the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

Featured Article: Using the New Google Finance Tool

Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply