Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has recently garnered positive recommendations from analysts, with a consensus rating of “Buy,” according to Bloomberg.com. Out of the six analysts currently covering the firm, five have given the stock a buy rating, while one has given it a strong buy rating. Furthermore, these analysts, who have updated their coverage on the stock in the past year, have set an average 12-month target price of $133.14.
As of Tuesday, September 26, shares of NASDAQ:CIGI opened at $102.86. The stock has shown a 50-day simple moving average of $109.28 and a 200-day simple moving average of $102.80. With a market capitalization of $4.72 billion and a P/E ratio of 685.73, Colliers International Group demonstrates stability in its financials; it also possesses a beta value of 1.45.
Over the past year, Colliers International Group has experienced both highs and lows with regard to its stock price. Its lowest point was at $84.16 while its highest point reached $129.95 during this period. Additionally, the company holds a debt-to-equity ratio of 2.31, indicating its level of leverage in comparison to shareholders’ equity ratio.
Colliers International Group Inc provides professional services related to commercial real estate and investment management to corporate and institutional clients across various regions including the Americas, Europe, Middle East, Africa, and Asia Pacific regions. Its comprehensive range of services includes transaction brokerage services such as sales, leasing, and debt finance services; representation for both landlords and tenants; capital markets and investment services; as well as mortgage investment banking services.
Regarding its recent earnings report released on August 2nd, Colliers International Group reported an EPS (earnings per share) figure of $1.21 for the quarter, falling short of analysts’ consensus estimates by ($0.14). The company’s net margin was calculated at 0.17% and its return on equity stood at 47.47%. Colliers International Group achieved revenue of $1.08 billion during the quarter, on par with analysts’ expectations.
Experts in the field anticipate that Colliers International Group will post 6.54 earnings per share for the current year based on their projections.
Overall, Colliers International Group Inc has been evaluated positively by analysts with a “Buy” rating and a strong average target price. Investors should carefully consider these recommendations along with other relevant factors before deciding to invest in the company’s stock.
Analyst Insights and Institutional Investors’ Confidence in Colliers International Group’s Performance
In recent weeks, several equities analysts have shared their insight and analysis on the performance of Colliers International Group. These analyses provide valuable information for investors and offer a glimpse into the current state of the company.
One such analyst, Royal Bank of Canada, reissued an “outperform” rating for Colliers International Group. Additionally, they set a price target of $130.00 for the company’s shares. This positive outlook suggests that the company is expected to perform well in the coming months.
Similarly, StockNews.com began its coverage of Colliers International Group with a research report on August 17th. In their report, they assigned a “hold” rating to the company. While not as bullish as Royal Bank of Canada’s assessment, StockNews.com’s coverage still provides valuable insights for potential investors.
On the other hand, National Bank Financial offered a more cautious perspective by reducing their price objective for Colliers International Group from $133.00 to $131.00. This downgrade suggests that National Bank Financial expects some challenges or headwinds that could impact the company’s financial performance.
In addition to these analyst insights, it is worth noting that large investors have also made changes to their stakes in Colliers International Group in recent times. For example, Raymond James Financial Services Advisors Inc. increased its stake in the company by 27.5% during the first quarter. With this increase in ownership, it can be inferred that Raymond James sees potential value in Colliers International Group’s stock.
Envestnet Asset Management Inc., another prominent investor, raised its stake in Colliers International Group by 3.1% during the fourth quarter of last year. This incremental increase indicates Envestnet’s confidence in the financial services provider.
Furthermore, CIBC Asset Management Inc., one of Canada’s leading asset managers, lifted its holdings in Colliers International Group by 0.5% during the first quarter of this year. This increase suggests that CIBC Asset Management sees potential growth in the company’s stock.
It is important to highlight that Sequoia Financial Advisors LLC also saw an opportunity in Colliers International Group and bought a new position during the fourth quarter of last year. Similarly, Canoe Financial LP acquired a new position in the company during the first quarter of this year. These moves by institutional investors and hedge funds further signify their confidence in Colliers International Group’s future prospects.
As of now, around 63.93% of Colliers International Group’s stock is owned by institutional investors and hedge funds. This high level of ownership highlights the trust placed by key players in the financial industry on Colliers International Group’s ability to deliver positive results.
In conclusion, the insights provided by equities analysts as well as the actions taken by large investors indicate a mixed sentiment towards Colliers International Group. While Royal Bank of Canada remains optimistic about the company’s prospects, National Bank Financial has expressed some caution through their reduced price objective. Additionally, numerous major investors have shown confidence in the company through increased stakes or acquiring new positions. These varying evaluations from experts and significant stakeholders make it crucial for both current and potential investors to carefully analyze all available information before making any investment decisions related to Colliers International Group.