Colliers International Group (NASDAQ:CIGI) Now Covered by CIBC

Research analysts at CIBC initiated coverage on shares of Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI in a report released on Tuesday, Marketbeat.com reports. The brokerage set a "sector outperform" rating and a $160.00 price target on the financial services provider's stock. CIBC's target price points to a potential upside of 28.53% from the stock's previous close.

A number of other research analysts also recently commented on the stock. Scotiabank dropped 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 note on Friday, February 7th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 price target for the company. Finally, National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $167.67.

Colliers International Group Trading Down 2.8 %

NASDAQ CIGI traded down $3.61 during mid-day trading on Tuesday, reaching $124.48. 114,149 shares of the stock were exchanged, compared to its average volume of 125,097. The stock has a market capitalization of $6.30 billion, a PE ratio of 39.02 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 business's fifty day simple moving average is $134.60 and its 200 day simple moving average is $142.79.

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 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%. On average, research analysts anticipate that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FIL Ltd increased 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 purchasing an additional 832,583 shares during the last quarter. Norges Bank acquired a new stake in Colliers International Group in the fourth quarter valued at $74,615,000. Janus Henderson Group PLC bought a new position in Colliers International Group during the 3rd quarter valued at $69,920,000. Franklin Resources Inc. grew its holdings in Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Colliers International Group by 67.7% in the 4th 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 last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

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.