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 earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $162.8889.

A number of research analysts recently issued reports on the stock. National Bank Financial lowered their price target on shares of Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Scotia lowered their price target on shares of Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 15th. Royal Bank Of Canada lowered their price target on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday. Zacks Research raised shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, BMO Capital Markets lowered their price target on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday.

Colliers International Group Trading Down 4.7%

Shares of NASDAQ CIGI opened at $98.63 on Friday. Colliers International Group has a 1 year low of $94.57 and a 1 year high of $171.51. The stock has a market cap of $5.04 billion, a P/E ratio of 60.88 and a beta of 1.31. The firm has a 50-day moving average of $109.58 and a 200 day moving average of $131.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.10.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $0.87 earnings per share. The company’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Colliers International Group will post 6.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CIGI. Durable Capital Partners LP raised its holdings in Colliers International Group by 22.0% in the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock worth $473,273,000 after buying an additional 652,744 shares during the last quarter. Norges Bank purchased a new position in Colliers International Group in the fourth quarter worth about $84,906,000. Bank of Montreal Can raised its holdings in Colliers International Group by 69.0% in the fourth quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock worth $158,274,000 after buying an additional 439,607 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Colliers International Group by 114,621.7% in the third quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock worth $53,762,000 after buying an additional 343,865 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new position in Colliers International Group in the fourth quarter worth about $47,799,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.