Colliers International Group (NASDAQ:CIGI) Given New $174.00 Price Target at Royal Bank of Canada

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

Several other equities research analysts also recently weighed in on CIGI. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. National Bankshares raised their price objective on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Stifel Nicolaus upped their target price on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Raymond James downgraded Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Finally, Scotiabank increased 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 research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.33.

Colliers International Group Trading Down 1.3 %

CIGI opened at $149.19 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 72.78 and a beta of 1.49. Colliers International Group has a 12 month low of $83.38 and a 12 month high of $154.11. The stock has a fifty day moving average price of $145.51 and a 200-day moving average price of $126.62.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in Colliers International Group by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock valued at $112,834,000 after buying an additional 326,453 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Colliers International Group by 91.3% during the 2nd quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock valued at $34,677,000 after acquiring an additional 148,265 shares during the period. Intact Investment Management Inc. purchased a new stake in shares of Colliers International Group in the 2nd quarter valued at $6,970,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Colliers International Group in the first quarter worth $7,092,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Colliers International Group by 5.9% during the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock worth $82,973,000 after purchasing an additional 41,225 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

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.