JPMorgan Chase & Co. Begins Coverage on Colliers International Group (NASDAQ:CIGI)

Analysts at JPMorgan Chase & Co. began coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set a “neutral” rating and a $167.00 price target on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 16.40% from the company’s previous close.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Scotiabank lifted their price objective on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus target price of $162.44.

Colliers International Group Stock Down 1.3 %

NASDAQ CIGI opened at $143.47 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $7.24 billion, a PE ratio of 45.69 and a beta of 1.47. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The business’s 50-day moving average is $149.87 and its 200 day moving average is $137.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Sell-side analysts forecast that Colliers International Group will post 5.44 earnings per share for the current year.

Institutional Trading of Colliers International Group

A number of hedge funds have recently made changes to their positions in CIGI. Blue Trust Inc. boosted its position in shares of Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Colliers International Group by 93.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 226 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Colliers International Group in the 3rd quarter worth approximately $112,000. Stonegate Investment Group LLC purchased a new position in Colliers International Group in the 3rd quarter worth approximately $264,000. Finally, HighTower Advisors LLC raised its holdings in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 254 shares during the last quarter. 80.09% of the stock is 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.