Colliers International Group (NASDAQ:CIGI) Price Target Raised to $175.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target lifted by investment analysts at Raymond James from $160.00 to $175.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price target points to a potential upside of 23.04% from the company’s previous close. Raymond James also issued estimates for Colliers International Group’s FY2025 earnings at $6.66 EPS.

CIGI has been the topic of several other reports. Scotiabank boosted their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group started coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective on the stock. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average price target of $164.31.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $142.23 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 45.30 and a beta of 1.49. The company’s 50-day moving average is $141.82 and its two-hundred day moving average is $142.15. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Analysts forecast that Colliers International Group will post 5.41 EPS for the current year.

Institutional Investors Weigh In On Colliers International Group

Several large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. increased its stake in Colliers International Group by 26.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after buying an additional 124 shares during the period. King Luther Capital Management Corp increased its position in shares of Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after purchasing an additional 178 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 254 shares during the last quarter. Whittier Trust Co. increased its position in shares of Colliers International Group by 8.4% in the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 277 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Colliers International Group by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock valued at $1,420,000 after purchasing an additional 291 shares during the last quarter. 80.09% of the stock is 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.