Analyst Ratings for Colliers International Group Inc. (CIGI)Updated: 2017-07-27
An average rating of Overweight has been given to Colliers International Group Inc. (NASDAQ:CIGI) by analysts covering the stock. Last month, CIGI received an average rating of Buy.
A buy rating was issued by 5 analysts, 1 gave an overweight rating, 2 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for CIGI. The maximum price target given was 81.02, which equates to a potential upside of 48.66 percent. The minimum price target given was 75.32, which equates to a potential downside of 38.2 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.06 percent on average, compared to last month. That number becomes -5.19 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -0.79 percent. If we look at the last 90 days instead, we find a net average change of -10.89 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.
The growth rate of CIGI's earnings is estimated by analysts to be 1.29 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CIGI is 21.85.
CIGI has traded between a high of 60.75 and a low of 34.20 over the past year. Currently the stock is 59.36 percent higher than its low, and below the high by 10.29 percent. CIGI has a P/E ratio of 28.19. Investors typically compare the P/E ratio to a company's peers in the industry. The CIGI value stock report compares CIGI to some of its peers using value stock charts. The stock has a market capitalization of $2.15 billion. CIGI will post this quarters earnings in days, on 0000-00-00.