Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $166.90.

Several equities analysts have recently commented on the company. Scotiabank cut their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Royal Bank of Canada upped their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a report on Tuesday, March 4th. Finally, CIBC started coverage on Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 target price for the company.

Colliers International Group Price Performance

Colliers International Group stock opened at $122.77 on Tuesday. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 38.49 and a beta of 1.58. The firm has a 50-day moving average of $134.14 and a two-hundred day moving average of $142.58. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, research analysts forecast that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Trading of Colliers International Group

Several hedge funds and other institutional investors have recently made changes to their positions in CIGI. Franklin Resources Inc. grew its stake in Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares during the last quarter. Empowered Funds LLC boosted its holdings in Colliers International Group by 60.5% in the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 4,678 shares in the last quarter. Barclays PLC purchased a new stake in shares of Colliers International Group during the third quarter worth about $1,629,000. Thrivent Financial for Lutherans acquired a new position in shares of Colliers International Group during the third quarter valued at about $2,581,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Colliers International Group during the third quarter valued at about $3,543,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.