Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Colliers has a "Moderate Buy" consensus from 11 analysts (6 Buy, 4 Hold, 1 Strong Buy) with an average 12‑month price target of $165.38.
• Shares trade around $103.63, well below the consensus target and the 52‑week high of $171.51, and are under both the 50‑day ($110.38) and 200‑day ($132.81) moving averages; P/E is about 51.6.
• Institutional backing: About 80.09% of the stock is held by institutions, with recent large purchases by Durable Capital, Norges Bank, Bank of Montreal, JPMorgan and Alberta Investment Management (AIMCo).

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have received a consensus rating of "Moderate Buy" from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $165.3750.

Several brokerages have commented on CIGI. Scotia decreased their price objective on shares of Colliers International Group from $155.00 to $150.00 and set a "sector outperform" rating for the company in a research note on Wednesday, April 15th. Stifel Nicolaus set a $175.00 target price on shares of Colliers International Group in a report on Friday, March 13th. Weiss Ratings restated a "hold (c)" rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Royal Bank Of Canada lowered their price target on shares of Colliers International Group from $180.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, March 30th. Finally, Zacks Research raised Colliers International Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 2nd.

Institutional Trading of Colliers International Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Durable Capital Partners LP lifted its holdings in Colliers International Group by 22.0% in the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider's stock valued at $473,273,000 after acquiring an additional 652,744 shares during the period. Norges Bank acquired a new stake in shares of Colliers International Group during the 4th quarter worth approximately $84,906,000. Bank of Montreal Can increased its holdings in shares of Colliers International Group by 69.0% during the 4th quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider's stock valued at $158,274,000 after purchasing an additional 439,607 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Colliers International Group by 114,621.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider's stock valued at $53,762,000 after purchasing an additional 343,865 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Colliers International Group in the 4th quarter valued at $47,799,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Trading Down 0.9%

Shares of NASDAQ:CIGI opened at $103.63 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. Colliers International Group has a 52-week low of $95.66 and a 52-week high of $171.51. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 51.56 and a beta of 1.31. The business has a 50-day moving average price of $110.38 and a 200-day moving average price of $132.81.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company's real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.

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