Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI's share price reached a new 52-week low during trading on Monday . The stock traded as low as $100.86 and last traded at $107.19, with a volume of 13613 shares changing hands. The stock had previously closed at $112.17.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on CIGI. The Goldman Sachs Group decreased their price target on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. JPMorgan Chase & Co. decreased their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a research report on Thursday. StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. CIBC started coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target on the stock. Finally, National Bankshares lowered their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $161.80.
Read Our Latest Stock Report on Colliers International Group
Colliers International Group Trading Up 0.1 %
The stock has a market capitalization of $5.50 billion, a PE ratio of 34.97 and a beta of 1.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The business's 50-day moving average is $124.23 and its two-hundred day moving average is $137.85.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 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%. On average, analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current year.
Institutional Trading of Colliers International Group
A number of hedge funds have recently made changes to their positions in CIGI. FIL Ltd grew 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 valued at $210,449,000 after purchasing an additional 832,583 shares in the last quarter. Norges Bank purchased a new position in Colliers International Group in the 4th quarter valued at about $74,615,000. Franklin Resources Inc. boosted its position in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. Artisan Partners Limited Partnership grew its stake 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 valued at $59,320,000 after acquiring an additional 176,232 shares in the last quarter. Finally, Durable Capital Partners LP increased its position in shares of Colliers International Group by 4.0% during the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock worth $359,549,000 after acquiring an additional 102,586 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.
Colliers International Group Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Colliers International Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Colliers International Group wasn't on the list.
While Colliers International Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
