Colliers International Group (NASDAQ:CIGI) Coverage Initiated by Analysts at CIBC

CIBC assumed coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a sector outperform rating and a $160.00 price target on the financial services provider’s stock.

CIGI has been the subject of several other research reports. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. Raymond James reduced their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets decreased their price target on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. National Bankshares decreased their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Four 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 stock. According to data from MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and an average target price of $167.67.

Colliers International Group Stock Down 2.8 %

CIGI stock opened at $124.48 on Tuesday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 39.02 and a beta of 1.49. The company has a 50-day moving average of $134.60 and a two-hundred day moving average of $142.79. Colliers International Group has a 52-week low of $101.01 and a 52-week high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 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%. As a group, equities research analysts anticipate that Colliers International Group will post 6.2 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 298 shares during the last quarter. Plato Investment Management Ltd bought a new stake in Colliers International Group in the 3rd quarter valued at approximately $112,000. Tobam lifted its stake in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Colliers International Group during the 4th quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Colliers International Group by 44.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 378 shares during the last quarter. 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.