Colliers International Group (NASDAQ:CIGI) Price Target Raised to $174.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target lifted by Royal Bank of Canada from $160.00 to $174.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on CIGI. National Bankshares boosted their price objective on shares of Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. 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. Scotiabank boosted their price objective on shares of Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a report on Friday, August 2nd. Finally, Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $160.00 in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.33.

Colliers International Group Stock Up 4.8 %

Shares of NASDAQ:CIGI opened at $154.91 on Monday. Colliers International Group has a one year low of $83.38 and a one year high of $155.09. The company has a 50 day moving average of $146.35 and a 200-day moving average of $127.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 75.57 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. On average, sell-side analysts forecast that Colliers International Group will post 5.66 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of 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 valued at $30,000 after buying an additional 207 shares during the period. Blue Trust Inc. lifted its position in shares of Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Colliers International Group by 252.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 316 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Colliers International Group in the first quarter worth $118,000. Finally, Tobam lifted its position in shares of Colliers International Group by 185.5% in the first quarter. Tobam now owns 1,302 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 846 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.