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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Three investment 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. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $166.90.

Several brokerages have recently issued reports on CIGI. JPMorgan Chase & Co. began coverage on Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective on the stock. Royal Bank of Canada increased their target price on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. CIBC began coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 target price for the company. Finally, Raymond James decreased their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th.

Institutional Investors Weigh In On Colliers International Group

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised 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 worth $102,261,000 after purchasing an additional 340,691 shares during the period. Empowered Funds LLC grew its stake in shares of Colliers International Group by 60.5% during the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 4,678 shares during the last quarter. Barclays PLC purchased a new stake in shares of Colliers International Group in the third quarter worth approximately $1,629,000. Thrivent Financial for Lutherans bought a new stake in shares of Colliers International Group during the 3rd quarter worth approximately $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 approximately $3,543,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 1.1 %

Shares of CIGI opened at $122.77 on Tuesday. The firm has a market cap of $6.05 billion, a P/E ratio of 38.49 and a beta of 1.58. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a 50 day simple moving average of $134.14 and a two-hundred day simple moving average of $142.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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, equities analysts expect that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

About Colliers International Group

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.