Colliers International Group Inc. (NASDAQ:CIGI) Receives $168.63 Average Target Price from Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have earned an average rating of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $167.67.

Several research firms have commented on CIGI. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 price objective for the company. Cibc World Mkts upgraded shares of Colliers International Group to a "strong-buy" rating in a research note on Tuesday. Scotiabank reduced their price objective on Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating for the company in a report on Friday, February 7th. Raymond James decreased their price objective 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. Finally, The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a "neutral" rating and a $170.00 price objective for the company.

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Institutional Trading of Colliers International Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. increased 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 purchasing an additional 340,691 shares during the last quarter. Empowered Funds LLC grew its position in 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 worth $1,885,000 after acquiring an additional 4,678 shares in the last quarter. Barclays PLC bought a new position in Colliers International Group in the third quarter valued at $1,629,000. Thrivent Financial for Lutherans bought a new position in Colliers International Group in the third quarter valued at $2,581,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Colliers International Group during the third quarter worth about $3,543,000. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Down 1.5 %

Shares of Colliers International Group stock traded down $1.82 on Tuesday, hitting $122.66. The company had a trading volume of 36,756 shares, compared to its average volume of 123,154. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 38.53 and a beta of 1.49. 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 1 year low of $101.01 and a 1 year high of $156.96. The stock has a 50 day moving average of $134.36 and a 200-day moving average of $142.66.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data 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 return on equity of 20.38% and a net margin of 3.35%. As a group, sell-side analysts forecast that Colliers International Group will post 6.2 earnings per share for the current year.

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.