Raymond James Financial Forecasts Strong Price Appreciation for Colliers International Group (NASDAQ:CIGI) Stock

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective raised by investment analysts at Raymond James Financial from $180.00 to $195.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Raymond James Financial’s price target points to a potential upside of 35.90% from the company’s previous close.

Other analysts have also recently issued reports about the stock. CIBC increased their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. National Bankshares lifted their target price on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.20.

Colliers International Group Stock Performance

Colliers International Group stock opened at $143.49 on Tuesday. The stock has a 50-day simple moving average of $144.93 and a 200 day simple moving average of $151.82. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 62.66 and a beta of 1.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. Colliers International Group has a 12-month low of $100.86 and a 12-month high of $171.51.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group in the 3rd quarter valued at about $26,000. JPMorgan Chase & Co. acquired a new position in Colliers International Group during the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased its stake in Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in Colliers International Group in the second quarter worth $73,000. Finally, Blue Trust Inc. boosted its position in shares of Colliers International Group by 17.1% during the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 74 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.