Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $175.70.

Several equities research analysts have recently commented on CIGI shares. Stifel Nicolaus lifted their target price on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Scotiabank raised their price target on Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. Raymond James Financial boosted their price objective on Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. JMP Securities initiated coverage on shares of Colliers International Group in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th.

Colliers International Group Stock Up 0.6%

CIGI opened at $151.51 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50 day moving average price is $159.76 and its 200 day moving average price is $144.22. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $171.51. The stock has a market cap of $7.52 billion, a P/E ratio of 68.87 and a beta of 1.47.

Institutional Trading of Colliers International Group

Several institutional investors and hedge funds have recently made changes to their positions in CIGI. Durable Capital Partners LP increased its position in shares of Colliers International Group by 22.0% in the 2nd quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock valued at $473,273,000 after buying an additional 652,744 shares in the last quarter. Norges Bank bought a new position in Colliers International Group during the second quarter worth about $74,820,000. T. Rowe Price Investment Management Inc. grew its stake in Colliers International Group by 56.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock valued at $117,140,000 after acquiring an additional 349,046 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of 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 acquiring an additional 343,865 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Colliers International Group in the second quarter worth about $35,521,000. Institutional investors own 80.09% of the company’s stock.

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.