Colliers International Group Inc. (NASDAQ:CIGI) Receives Average Rating of “Moderate Buy” from Analysts

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $168.63.

A number of analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Colliers International Group in a research report on Friday. National Bankshares dropped their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Scotiabank reduced 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. Raymond James lowered their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CIGI. FIL Ltd increased its position 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 in the last quarter. Norges Bank acquired a new position in Colliers International Group in the fourth quarter worth about $74,615,000. Janus Henderson Group PLC acquired a new position in Colliers International Group in the third quarter worth about $69,920,000. Franklin Resources Inc. raised its holdings in shares of Colliers International Group by 100.8% during the third 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 period. Finally, Artisan Partners Limited Partnership boosted its position in Colliers International Group by 67.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock valued at $59,320,000 after purchasing an additional 176,232 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

CIGI stock opened at $125.72 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $6.36 billion, a P/E ratio of 39.41 and a beta of 1.49. The business’s 50-day moving average is $135.19 and its two-hundred day moving average is $143.05. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. Analysts anticipate that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

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.