William Blair Reaffirms "Outperform" Rating for Colliers International Group (NASDAQ:CIGI)

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI's stock had its "outperform" rating reiterated by William Blair in a research note issued on Friday,RTT News reports.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday. Scotiabank lowered their price objective on 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. Raymond James cut their target price on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $168.63.

Colliers International Group Stock Down 1.9 %

Shares of NASDAQ:CIGI traded down $2.50 during mid-day trading on Friday, hitting $125.72. 85,638 shares of the company traded hands, compared to its average volume of 126,828. The firm's 50 day simple moving average is $135.19 and its 200 day simple moving average is $143.05. The firm has a market cap of $6.36 billion, a P/E ratio of 39.41 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 52-week low of $101.01 and a 52-week high of $156.96.

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 net margin of 3.35% and a return on equity of 20.38%. On average, equities analysts anticipate that Colliers International Group will post 6.2 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CIGI. Franklin Resources Inc. lifted its holdings in shares of 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 worth $102,261,000 after purchasing an additional 340,691 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 purchasing an additional 4,678 shares during the period. Barclays PLC bought a new position in Colliers International Group in the 3rd quarter valued at about $1,629,000. Thrivent Financial for Lutherans acquired a new position in Colliers International Group during the 3rd quarter valued at about $2,581,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Colliers International Group during the 3rd quarter worth about $3,543,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.