Colliers International Group (NASDAQ:CIGI) Stock Rating Reaffirmed by Raymond James

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI)‘s stock had its “outperform” rating restated by analysts at Raymond James in a research note issued on Friday, BayStreet.CA reports. They presently have a $85.00 price target on the financial services provider’s stock. Raymond James’ price target would suggest a potential upside of 16.31% from the company’s current price.

Several other brokerages have also weighed in on CIGI. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Royal Bank of Canada set a €145.00 ($168.60) price target on shares of Aena SME and gave the company a “sell” rating in a report on Tuesday, April 30th. Finally, BidaskClub downgraded shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Colliers International Group presently has an average rating of “Buy” and a consensus target price of $77.67.

NASDAQ CIGI opened at $73.08 on Friday. Colliers International Group has a one year low of $52.01 and a one year high of $84.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.59. The company has a fifty day simple moving average of $68.02. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 29.83 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Friday, April 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.23). Colliers International Group had a return on equity of 25.61% and a net margin of 3.24%. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $628.75 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. Research analysts anticipate that Colliers International Group will post 3.11 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CIGI. Advisor Group Inc. purchased a new stake in shares of Colliers International Group in the fourth quarter valued at about $41,000. Assenagon Asset Management S.A. purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $206,000. Wetherby Asset Management Inc. purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $223,000. Signition LP purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $240,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $322,000. 68.33% of the stock is currently owned by institutional investors.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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