Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have received an average recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $161.80.

A number of brokerages have weighed in on CIGI. Cibc World Mkts raised shares of Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Raymond James lowered their price target on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, February 7th. CIBC began coverage on Colliers International Group in a research note on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price objective on the stock. Colliers Securities set a $160.00 target price on Colliers International Group in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada increased their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, February 7th.

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently bought and sold shares of the company. FIL Ltd lifted its holdings in Colliers International Group by 116.5% during the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after buying an additional 832,583 shares during the last quarter. Norges Bank acquired a new position in Colliers International Group in the fourth quarter worth $74,615,000. Franklin Resources Inc. boosted its holdings in 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 purchasing an additional 340,691 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Colliers International Group by 67.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after purchasing an additional 176,232 shares during the period. Finally, Durable Capital Partners LP boosted its holdings in shares of Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock valued at $359,549,000 after buying an additional 102,586 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $113.11 on Wednesday. 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 $5.58 billion, a price-to-earnings ratio of 35.46 and a beta of 1.36. 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 moving average price of $121.14 and a 200 day moving average price of $136.05.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. Sell-side analysts anticipate that Colliers International Group will post 6.2 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.