Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI shares saw strong trading volume on Tuesday . 88,214 shares traded hands during trading, a decline of 23% from the previous session's volume of 114,689 shares.The stock last traded at $117.14 and had previously closed at $115.40.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Scotiabank reduced their price objective 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. Colliers Securities set a $160.00 price target on shares of Colliers International Group in a report on Tuesday, March 4th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $161.80.
View Our Latest Report on CIGI
Colliers International Group Trading Up 2.4 %
The firm has a 50 day moving average price of $119.36 and a two-hundred day moving average price of $134.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 38.20 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 earnings per share (EPS) 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%. As a group, equities analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CIGI. Tower Research Capital LLC TRC lifted its stake in Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after buying an additional 298 shares during the period. Plato Investment Management Ltd lifted its position in shares of Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 118 shares during the period. Tobam boosted its stake in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Colliers International Group by 10.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock valued at $133,000 after purchasing an additional 100 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group during the fourth quarter valued at about $145,000. 80.09% of the stock is owned by institutional investors and hedge funds.
About Colliers International Group
(
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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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