Colliers International Group (NASDAQ:CIGI) Now Covered by Citizens Jmp

Equities research analysts at Citizens Jmp started coverage on shares of Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI in a research note issued on Monday,Briefing.com Automated Import reports. The firm set a "market perform" rating on the financial services provider's stock.

Several other analysts have also recently weighed in on CIGI. JPMorgan Chase & Co. cut their price objective on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Scotiabank cut their price objective on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus cut their price objective on Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, JMP Securities began coverage on Colliers International Group in a research report on Monday. They set a "market perform" rating on the stock. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $160.80.

Colliers International Group Stock Down 0.2%

CIGI opened at $138.33 on Monday. The company has a market cap of $6.83 billion, a P/E ratio of 48.54 and a beta of 1.39. The business's 50-day moving average price is $128.19 and its 200-day moving average price is $126.86. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities analysts expect that Colliers International Group will post 6.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Colliers International Group by 1.4% in the first quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider's stock worth $462,816,000 after purchasing an additional 52,414 shares during the last quarter. Durable Capital Partners LP raised its stake in Colliers International Group by 12.4% during the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider's stock valued at $360,595,000 after buying an additional 328,430 shares during the last quarter. Vanguard Group Inc. raised its stake in Colliers International Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider's stock valued at $230,558,000 after buying an additional 38,379 shares during the last quarter. FIL Ltd raised its stake 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 valued at $210,449,000 after buying an additional 832,583 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Colliers International Group by 56.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider's stock valued at $117,140,000 after buying an additional 349,046 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

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.

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