Colliers International Group (NASDAQ:CIGI) Now Covered by CIBC

CIBC assumed coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a sector outperform rating and a $160.00 price target on the financial services provider’s stock.

A number of other brokerages also recently commented on CIGI. Royal Bank of Canada increased their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 price target for the company. Scotiabank decreased their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research report on Friday, February 7th. Finally, Raymond James decreased their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Colliers International Group Stock Down 0.2 %

CIGI stock opened at $125.52 on Tuesday. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average is $135.01 and its 200-day moving average is $142.98. The firm has a market capitalization of $6.35 billion, a PE ratio of 39.35 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Sell-side analysts expect that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

A number of large investors have recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS grew its position in shares of Colliers International Group by 23.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 7,260 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 1,375 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Colliers International Group in the third quarter valued at $702,000. Plato Investment Management Ltd purchased a new position in shares of Colliers International Group in the third quarter valued at $112,000. Empowered Funds LLC grew its position in shares of 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 valued at $1,885,000 after purchasing an additional 4,678 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Colliers International Group in the third quarter valued at $2,581,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.