Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $164.40.

Several equities research analysts have commented on CIGI shares. Cibc World Mkts upgraded Colliers International Group to a “strong-buy” rating in a report on Tuesday, March 4th. BMO Capital Markets dropped their target price on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Raymond James cut their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Scotiabank decreased their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Finally, Royal Bank of Canada increased their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FIL Ltd increased its position in 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 worth $210,449,000 after buying an additional 832,583 shares during the period. Norges Bank acquired a new stake in shares of Colliers International Group in the 4th quarter worth about $74,615,000. Janus Henderson Group PLC acquired a new stake in shares of Colliers International Group in the 3rd quarter worth about $69,920,000. Franklin Resources Inc. lifted its position in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake 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 valued at $59,320,000 after purchasing an additional 176,232 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Price Performance

CIGI opened at $120.19 on Friday. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company’s 50 day simple moving average is $130.73 and its 200 day simple moving average is $140.53. The stock has a market capitalization of $5.93 billion, a PE ratio of 37.68 and a beta of 1.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 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, sell-side analysts expect that Colliers International Group will post 6.2 EPS for the current year.

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.