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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price hoisted by research analysts at Raymond James from $160.00 to $175.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective would indicate a potential upside of 24.31% from the stock’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 research reports. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective for the company. Finally, StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target of $164.31.

Colliers International Group Trading Up 0.3 %

CIGI traded up $0.42 during trading on Wednesday, reaching $140.78. 26,963 shares of the stock traded hands, compared to its average volume of 87,763. The stock has a market capitalization of $7.10 billion, a PE ratio of 44.90 and a beta of 1.49. The stock’s 50-day moving average is $141.99 and its 200 day moving average is $142.16. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96.

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

Hedge Funds Weigh In On Colliers International Group

Large investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its stake in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 124 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Colliers International Group during the 3rd quarter worth $112,000. Blue Trust Inc. increased its stake in shares of Colliers International Group by 197.8% during the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after buying an additional 619 shares during the period. Stonegate Investment Group LLC bought a new stake in shares of Colliers International Group in the 3rd quarter valued at about $264,000. Finally, HighTower Advisors LLC lifted 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 worth $323,000 after purchasing an additional 254 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

About Colliers International Group

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.