Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) PT at $168.63

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research 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 12 month price target among brokerages that have updated their coverage on the stock in the last year is $167.67.

Several equities research analysts have recently commented on CIGI shares. Scotiabank decreased their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. Cibc World Mkts raised shares of Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. Finally, CIBC initiated coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective for the company.

Colliers International Group Trading Down 0.2 %

NASDAQ:CIGI opened at $124.19 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $134.14 and a 200-day moving average of $142.54. The company has a market cap of $6.12 billion, a PE ratio of 38.93 and a beta of 1.58. Colliers International Group has a one year low of $101.01 and a one year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its 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 expect that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Colliers International Group by 6.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 24,776 shares of the financial services provider’s stock valued at $3,368,000 after acquiring an additional 1,444 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Colliers International Group by 9.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,275 shares of the financial services provider’s stock valued at $17,422,000 after acquiring an additional 10,667 shares during the last quarter. Tidal Investments LLC purchased a new position in Colliers International Group in the fourth quarter valued at about $222,000. Silvercrest Asset Management Group LLC boosted its stake in Colliers International Group by 0.4% in the fourth 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, Nuveen Asset Management LLC boosted its stake in Colliers International Group by 288.0% in the fourth quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider’s stock valued at $17,187,000 after acquiring an additional 93,864 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other 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.