Colliers International (NASDAQ:CIGI) is one of the 10 best real estate services stocks to buy according to hedge funds.
On February 3, Raymond James analyst Frederic Bastien upgraded his rating on Colliers International (NASDAQ:CIGI) from Strong Buy to Outperform. The analyst also raised his price target on the stock from $195 to $200, implying upside of more than 49%.
Photo by Tony Yeung on Unsplash
Bastien noted that the $700 million acquisition of Ayesa Engineering has enabled the company to improve its engineering and project management capabilities. This debt-funded deal is expected to be around 5% accretive to adjusted EPS, and also strengthens the company’s footprint across transportation, water, buildings, and energy spaces.
On January 22, Citizens analyst Mitch Germain maintained his Market Perform rating on Colliers International (NASDAQ:CIGI), based on the company’s growth strategy within the engineering sector. He noted that this strategy distinguishes the company from its peers and sets it up to explore organic and inorganic expansion opportunities.
Colliers International Group (NASDAQ:CIGI) provides commercial real estate services to corporate and institutional clients. The business is structured around three distinct platforms: Real Estate Services, Engineering, and Investment Management. They deliver several solutions to clients, including sales, debt finance, landlord & tenant services, maintenance, lease administration, property accounting, appraisal review, and asset valuations.
While we acknowledge the potential of CIGI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.
Disclosure: None. This article is originally published at Insider Monkey.
