Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI saw unusually-high trading volume on Wednesday . Approximately 128,804 shares traded hands during trading, an increase of 14% from the previous session's volume of 113,245 shares.The stock last traded at $122.30 and had previously closed at $121.30.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on CIGI shares. National Bankshares dropped their price target on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. assumed 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 on the stock. William Blair restated an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, Royal Bank of Canada increased their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Four equities 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.30.
Check Out Our Latest Stock Analysis on CIGI
Colliers International Group Stock Performance
The business has a 50 day moving average price of $128.62 and a two-hundred day moving average price of $139.58. The stock has a market cap of $5.36 billion, a P/E ratio of 34.11 and a beta of 1.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.
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 net margin of 3.35% and a return on equity of 20.38%. On average, sell-side analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.
Institutional Trading of Colliers International Group
Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after purchasing an additional 298 shares during the period. Plato Investment Management Ltd lifted its holdings in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after acquiring an additional 118 shares during the last quarter. Tobam boosted its position in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Colliers International Group during the fourth quarter valued at approximately $145,000. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Colliers International Group by 10.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after buying an additional 100 shares during the period. 80.09% of the stock is currently owned by institutional investors.
About Colliers International Group
(
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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
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