Colliers International Group (NASDAQ:CIGI) Sees Unusually-High Trading Volume - Should You Buy?

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI saw strong trading volume on Tuesday . 88,214 shares were traded 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.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. The Goldman Sachs Group lowered 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 shares of Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Finally, Scotiabank cut their target price on shares of Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a research note on Monday, March 31st. Four 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.80.

Colliers International Group Trading Up 2.4 %

The company has a fifty day simple moving average of $119.36 and a two-hundred day simple moving average of $134.45. The stock has a market capitalization of $6.01 billion, a P/E ratio of 38.20 and a beta of 1.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (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%. On average, sell-side analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Institutional Trading of Colliers International Group

A number of institutional investors have recently made changes to their positions in the business. Durable Capital Partners LP boosted its holdings in shares of Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock valued at $359,549,000 after buying an additional 102,586 shares during the last quarter. Vanguard Group Inc. increased its position in Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock worth $253,867,000 after acquiring an additional 21,422 shares during the period. FIL Ltd raised its position in shares of Colliers International Group by 116.5% in the fourth 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 in the last quarter. Victory Capital Management Inc. raised its holdings in Colliers International Group by 1.1% in the 1st quarter. Victory Capital Management Inc. now owns 697,015 shares of the financial services provider's stock valued at $84,548,000 after acquiring an additional 7,815 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Colliers International Group by 100.8% in the third 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. Institutional investors own 80.09% of the company's stock.

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.