Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $168.63.

Several equities analysts have commented on the stock. Scotiabank lowered their price objective on shares of 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. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Colliers International Group in a research note on Friday. Finally, StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Colliers International Group Trading Down 1.9 %

CIGI stock opened at $125.72 on Tuesday. 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. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 39.41 and a beta of 1.49. The business has a 50 day simple moving average of $135.19 and a two-hundred day simple moving average of $143.05.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results 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%. Research analysts anticipate that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Institutional investors and hedge funds have recently modified their holdings of the company. Tobam lifted its stake in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 98 shares during the period. Plato Investment Management Ltd increased its holdings in shares of Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 118 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Colliers International Group by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 144 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Colliers International Group by 0.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock valued at $4,681,000 after purchasing an additional 151 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.