Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $164.40.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. National Bankshares cut their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. CIBC started coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Finally, Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th.

Colliers International Group Trading Down 2.2 %

CIGI opened at $120.19 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The company has a market cap of $5.93 billion, a P/E ratio of 37.68 and a beta of 1.58. The business’s 50-day simple moving average is $130.73 and its 200-day simple moving average is $140.53.

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

Institutional Trading of Colliers International Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 298 shares in the last quarter. Plato Investment Management Ltd boosted its stake in shares of Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 118 shares during the last quarter. Tobam grew its holdings in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after buying an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group in the fourth quarter valued at approximately $145,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after buying an additional 378 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

About Colliers International Group

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.