Colliers International Group Inc. (NASDAQ:CIGI) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $161.80.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. 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. Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Scotiabank decreased their target price on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 31st. Finally, Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a report on Tuesday, March 4th.

Institutional Investors Weigh In On Colliers International Group

Institutional investors have recently added to or reduced their stakes in the business. FIL Ltd boosted its position in shares of Colliers International Group by 116.5% in 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 during the period. Norges Bank acquired a new stake in Colliers International Group during the 4th quarter worth $74,615,000. Franklin Resources Inc. grew its position in Colliers International Group by 100.8% during 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. Artisan Partners Limited Partnership grew 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 worth $59,320,000 after purchasing an additional 176,232 shares during the last quarter. Finally, Durable Capital Partners LP increased its stake in Colliers International Group by 4.0% in the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock valued at $359,549,000 after purchasing an additional 102,586 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Price Performance

Shares of CIGI stock traded up $1.80 on Wednesday, reaching $117.20. 88,214 shares of the company were exchanged, compared to its average volume of 115,142. Colliers International Group has a 1 year low of $100.86 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day moving average price of $119.91 and a 200 day moving average price of $135.08. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 36.74 and a beta of 1.36.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Equities research analysts forecast 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.