Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $164.30.
Several analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. 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 report on Wednesday, March 19th. Royal Bank of Canada raised their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Raymond James reduced their target price 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, CIBC assumed coverage on Colliers International Group in a research report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price for the company.
Check Out Our Latest Analysis on CIGI
Colliers International Group Stock Up 0.9 %
Shares of Colliers International Group stock traded up $1.11 during trading on Friday, hitting $121.30. 80,069 shares of the stock were exchanged, compared to its average volume of 113,474. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 38.03 and a beta of 1.58. The firm's 50-day moving average price is $130.73 and its 200 day moving average price is $140.51. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings data 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%. As a group, analysts forecast that Colliers International Group will post 6.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CIGI. Public Employees Retirement System of Ohio grew its holdings in shares of Colliers International Group by 6.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 24,776 shares of the financial services provider's stock worth $3,368,000 after acquiring an additional 1,444 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Colliers International Group by 9.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,275 shares of the financial services provider's stock valued at $17,422,000 after purchasing an additional 10,667 shares during the last quarter. Tidal Investments LLC purchased a new stake in Colliers International Group in the 4th quarter worth approximately $222,000. Silvercrest Asset Management Group LLC boosted its holdings in shares of Colliers International Group by 0.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock worth $4,681,000 after purchasing an additional 151 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Colliers International Group by 288.0% in the fourth quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider's stock valued at $17,187,000 after purchasing an additional 93,864 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.
Colliers International Group Company Profile
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Get Free ReportColliers 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.
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