Colliers International Group Inc. (NASDAQ:CIGI) Receives Average Rating of “Moderate Buy” from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $161.80.

A number of research analysts have issued reports on the stock. Cibc World Mkts raised shares of Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. Scotiabank reduced their target price on shares of Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating for the company in a research note on Monday, March 31st. CIBC started coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th.

Colliers International Group Trading Down 1.0 %

NASDAQ CIGI opened at $115.40 on Wednesday. Colliers International Group has a one year low of $100.86 and a one year high of $156.96. The company has a 50-day simple moving average of $120.20 and a 200-day simple moving average of $135.31. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $5.69 billion, a PE ratio of 36.18 and a beta of 1.36.

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 (EPS) 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%. On average, equities analysts forecast that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Several large investors have recently modified their holdings of CIGI. HighTower Advisors LLC boosted its stake in shares of Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 254 shares in the last quarter. Barclays PLC acquired a new stake in shares of Colliers International Group in the third quarter worth $1,629,000. Franklin Resources Inc. boosted its position in shares of Colliers International Group by 100.8% in the third 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 period. Argent Capital Management LLC boosted its position in shares of Colliers International Group by 16.5% in the fourth quarter. Argent Capital Management LLC now owns 44,807 shares of the financial services provider’s stock worth $6,092,000 after buying an additional 6,330 shares during the period. Finally, Canoe Financial LP boosted its position in shares of Colliers International Group by 544.7% in the fourth quarter. Canoe Financial LP now owns 40,696 shares of the financial services provider’s stock worth $5,530,000 after buying an additional 34,384 shares during the period. 80.09% of the stock is owned by 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.