CIGI Stock Forecast and Analysis:
Colliers International Group (CIGI:TSX) average analyst target price for the next 12 months is CAD 166.75, and the average analyst rating is “Buy”. Stock Target Advisor’s own analysis of Colliers International Group Inc Bats is “Neutral”, based on 6 positive and 7 negative signals. The current stock price is CAD 132.86, which has changed by +4.73% in the past week, +9.75% in the past month, and -23.69% over the last year.
Analysts Coverage Change:
Scotiabank Capital, an investment banking and financial services firm, has upgraded its rating for Colliers International Group Inc. Bats stock from “Sector Perform” to “Outperform”. Additionally, the target price for the stock has been increased to CAD 165 from CAD 156. This means that the analyst covering the stock at Scotiabank Capital believes that the stock will perform better than the rest of the market, and that the stock is undervalued at its current price. The analyst expects the stock to reach CAD 165 in the near future. This upgrade is likely based on the company’s financial performance, industry trends, and other relevant factors that the analyst has evaluated.
Positive Fundamentals:
Colliers International Group Inc. appears to be undervalued on a cash flow basis, as it is trading at a lower price compared to its peers. Additionally, the company has demonstrated superior returns on equity and assets in the most recent four quarters, placing it in the top quartile among its peers. Furthermore, the company has had positive total and free cash flow in the recent four quarters. Lastly, Colliers International Group Inc. has a high Gross Profit to Asset Ratio, which is a strong indicator of long-term returns and is popular among value investors. It’s important to conduct further research into the company’s financial performance to ensure there is no specific reason for its undervaluation.
Negative Fundamentals:
Colliers International Group Inc. is a stock with high volatility and above median total returns for its sector over the past 5 years. It is important to note that this stock may not be suitable for investors with a low risk tolerance. Additionally, the company has underperformed its peers on annual average total returns in the past 5 years.
Furthermore, the stock is considered overpriced compared to its earnings and book value when compared to its peers. Additionally, the company is highly leveraged and is in the bottom half compared to its sector peers on debt to equity. This may indicate that the company is trying to grow aggressively. Additionally, the stock is also considered overpriced on a price to free cash flow basis and is priced above the median for its sector.
Lastly, the stock has shown below median earnings growth in the previous 5 years compared to its sector. Overall, the stock may be considered as a high risk investment and it is advisable to proceed with caution if you are considering buying it.
Future Outlook for Colliers International Group Inc.:
When considering purchasing a stock, it is crucial to evaluate the company’s future outlook. This is particularly important for investors who are seeking to grow their portfolio. One key factor to look for is a strong company that has a robust future outlook, yet is currently undervalued.
One such company that fits this description is Colliers International Group. According to financial projections, the company is expected to experience significant growth in earnings over the next several years, with estimates suggesting that the company’s earnings will double. This is a highly optimistic indicator of the company’s future performance, and suggests that it has a strong potential for growth.
This growth in earnings is likely to translate into stronger cash flows, which in turn will drive an increase in the company’s share value. This makes Colliers International Group an attractive option for investors looking for a well-positioned, undervalued company with a bright future ahead. Furthermore, the company’s positive future outlook means that it is well-positioned to weather any potential market downturns, making it a relatively low-risk investment option.
About Colliers International Group Bats:
Colliers International Group Inc. is a commercial real estate company that offers professional services and investment management to corporate and institutional clients worldwide. Their services include sales brokerage, landlord and tenant representation, outsourcing and advisory services, property management, and project management. Additionally, the company provides investment management services such as asset management, transaction and incentive services. Colliers International Group Inc. was founded in 1972 and is based in Toronto, Canada.
