Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Target Price at $164.40

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $164.30.

A number of equities research analysts recently weighed in on CIGI shares. JPMorgan Chase & Co. began coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Scotiabank reduced their target price on Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating on the stock in a report on Monday. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. Royal Bank of Canada boosted their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Raymond James dropped their price objective on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after buying an additional 298 shares during the last quarter. Plato Investment Management Ltd increased its stake in shares of Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 118 shares during the period. Tobam lifted its holdings in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after buying an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group during the 4th quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Colliers International Group by 44.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI opened at $121.30 on Friday. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The company’s fifty day moving average is $130.40 and its 200-day moving average is $140.35. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 38.03 and a beta of 1.58. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced 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%. Equities analysts expect that Colliers International Group will post 6.2 EPS for the current fiscal 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.