Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a $62.00 target price on the financial services provider’s stock, up from their prior target price of $58.00. Royal Bank Of Canada’s price target indicates a potential upside of 20.27% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Scotiabank decreased their target price on shares of Colliers International Group from $76.00 to $75.50 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Raymond James Financial, Inc. restated an “outperform” rating and set a $75.00 target price (up previously from $59.00) on shares of Colliers International Group in a research note on Wednesday, August 2nd. BMO Capital Markets raised their target price on shares of Colliers International Group from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of Colliers International Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Colliers International Group has an average rating of “Buy” and an average target price of $65.70.

Colliers International Group (NASDAQ:CIGI) traded down 1.81% during mid-day trading on Tuesday, reaching $51.55. 37,101 shares of the company were exchanged. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 31.15 and a beta of 1.73. The stock has a 50 day moving average of $55.07 and a 200-day moving average of $49.32. Colliers International Group has a one year low of $34.20 and a one year high of $60.75.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, August 1st. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.16. Colliers International Group had a net margin of 3.23% and a return on equity of 49.70%. The company had revenue of $544.20 million for the quarter, compared to analysts’ expectations of $515.45 million. During the same quarter last year, the business earned $0.63 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Colliers International Group will post $2.87 earnings per share for the current fiscal year.

Colliers International Group announced that its board has initiated a stock repurchase plan on Thursday, July 13th that authorizes the company to buyback 2,700,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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Several large investors have recently added to or reduced their stakes in CIGI. Tower Research Capital LLC TRC boosted its stake in Colliers International Group by 60.3% in the first quarter. Tower Research Capital LLC TRC now owns 3,485 shares of the financial services provider’s stock valued at $165,000 after buying an additional 1,311 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Colliers International Group during the first quarter valued at about $230,000. Atria Investments LLC bought a new stake in Colliers International Group during the second quarter valued at about $230,000. UBS Group AG boosted its stake in Colliers International Group by 15.0% in the first quarter. UBS Group AG now owns 4,945 shares of the financial services provider’s stock valued at $234,000 after buying an additional 645 shares during the last quarter. Finally, Ativo Capital Management LLC bought a new stake in Colliers International Group during the first quarter valued at about $236,000. Hedge funds and other institutional investors own 59.40% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

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