Colliers International Group: Buy Rating Affirmed on Robust Business Model and Strategic Growth Initiatives

William Blair analyst Stephen Sheldon has reiterated their bullish stance on CIGI stock, giving a Buy rating on May 29.

Stephen Sheldon has given his Buy rating due to a combination of factors that highlight Colliers International Group’s robust business model and growth potential. The company operates a resilient business within the cyclical commercial real estate market, with a significant portion of its EBITDA derived from recurring business lines, which provides stability and predictability in earnings.
Additionally, management’s strategic initiatives to consolidate investment management platforms and centralize certain functions are expected to enhance margins in the investment management segment. The company is also aiming to achieve ambitious fundraising targets, supported by new fund launches and strong investor retention. Furthermore, Colliers’ engineering segment is anticipated to maintain a high-single-digit growth rate, bolstered by recent acquisitions, positioning it as a key growth driver for the company.

Sheldon covers the Technology sector, focusing on stocks such as Olo, Udemy Inc, and Agilysys. According to TipRanks, Sheldon has an average return of 3.0% and a 54.43% success rate on recommended stocks.

In another report released on May 29, BMO Capital also maintained a Buy rating on the stock with a $167.00 price target.