Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have earned an average recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $73.50.
A number of equities research analysts recently issued reports on the stock. TheStreet upgraded shares of Colliers International Group from a “c+” rating to a “b+” rating in a report on Wednesday, February 14th. Raymond James Financial boosted their target price on shares of Colliers International Group from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. ValuEngine upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, BidaskClub downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIGI. New York State Common Retirement Fund grew its stake in Colliers International Group by 868.4% during the second quarter. New York State Common Retirement Fund now owns 11,079 shares of the financial services provider’s stock worth $625,000 after buying an additional 9,935 shares during the period. FMR LLC purchased a new stake in Colliers International Group during the second quarter worth approximately $208,000. Parametric Portfolio Associates LLC grew its stake in Colliers International Group by 4.5% during the second quarter. Parametric Portfolio Associates LLC now owns 10,518 shares of the financial services provider’s stock worth $594,000 after buying an additional 456 shares during the period. Dimensional Fund Advisors LP grew its stake in Colliers International Group by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 75,680 shares of the financial services provider’s stock worth $4,272,000 after buying an additional 2,429 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Colliers International Group by 75.0% during the third quarter. CIBC Asset Management Inc now owns 241,110 shares of the financial services provider’s stock worth $11,930,000 after buying an additional 103,333 shares during the period. Institutional investors own 70.86% of the company’s stock.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Colliers International Group had a net margin of 2.17% and a return on equity of 40.34%. The firm had revenue of $734.25 million during the quarter, compared to the consensus estimate of $648.86 million. During the same period in the previous year, the firm earned $1.22 earnings per share. Colliers International Group’s revenue was up 27.5% compared to the same quarter last year. analysts anticipate that Colliers International Group will post 2.04 EPS for the current fiscal year.
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About Colliers International Group
Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.
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