Colliers International Gr (CIGI) Receives $73.50 Average PT from Analysts

Colliers International Gr (NASDAQ:CIGI) (TSE:CIGI) has received an average recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $73.50.

Several research firms recently weighed in on CIGI. Zacks Investment Research downgraded Colliers International Gr from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub downgraded Colliers International Gr from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. TheStreet upgraded Colliers International Gr from a “c+” rating to a “b+” rating in a research note on Wednesday, February 14th. Raymond James Financial upped their price objective on Colliers International Gr from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, ValuEngine raised Colliers International Gr from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

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Colliers International Gr stock opened at $69.55 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $2,675.62, a P/E ratio of 27.64 and a beta of 1.54. Colliers International Gr has a twelve month low of $46.60 and a twelve month high of $71.40.

Colliers International Gr (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. The company had revenue of $734.25 million for the quarter, compared to the consensus estimate of $648.86 million. Colliers International Gr had a return on equity of 40.34% and a net margin of 2.17%. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 EPS. analysts expect that Colliers International Gr will post 2.04 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in Colliers International Gr by 143.1% in the 4th quarter. Millennium Management LLC now owns 108,953 shares of the financial services provider’s stock valued at $6,575,000 after acquiring an additional 64,141 shares in the last quarter. Two Sigma Investments LP lifted its position in Colliers International Gr by 34.8% in the 4th quarter. Two Sigma Investments LP now owns 74,072 shares of the financial services provider’s stock valued at $4,477,000 after acquiring an additional 19,108 shares in the last quarter. Two Sigma Advisers LP lifted its position in Colliers International Gr by 27.1% in the 4th quarter. Two Sigma Advisers LP now owns 57,444 shares of the financial services provider’s stock valued at $3,469,000 after acquiring an additional 12,265 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Colliers International Gr by 15.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 80,745 shares of the financial services provider’s stock valued at $4,872,000 after acquiring an additional 10,646 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Colliers International Gr by 25.2% in the 4th quarter. Deutsche Bank AG now owns 234,768 shares of the financial services provider’s stock valued at $14,168,000 after acquiring an additional 47,253 shares in the last quarter. 70.22% of the stock is currently owned by institutional investors and hedge funds.

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About Colliers International Gr

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.

Analyst Recommendations for Colliers International Gr (NASDAQ:CIGI)

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