Colliers International Group’s (CIGI) Outperform Rating Reiterated at William Blair

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a research note issued on Friday,RTT News reports.

Other equities research analysts have also recently issued research reports about the stock. Raymond James dropped their target price 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. 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 on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. Scotiabank decreased their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Finally, National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Trading Up 0.3 %

Shares of CIGI stock opened at $128.22 on Friday. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm’s 50 day moving average is $135.19 and its 200 day moving average is $142.95. The stock has a market capitalization of $6.49 billion, a P/E ratio of 40.19 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results 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%. Research analysts expect that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Trading of Colliers International Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Tobam raised its position in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 98 shares during the period. Plato Investment Management Ltd raised 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 purchasing an additional 118 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Colliers International Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 144 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in Colliers International Group by 0.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock valued at $4,681,000 after acquiring an additional 151 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after acquiring an additional 178 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

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.