Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $170.7143.

CIGI has been the topic of several recent analyst reports. National Bank Financial reduced their target price on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Raymond James Financial reduced their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Finally, Zacks Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd.

Colliers International Group Trading Down 0.6%

Shares of NASDAQ:CIGI opened at $108.06 on Wednesday. The business’s 50-day moving average is $116.16 and its 200 day moving average is $137.84. Colliers International Group has a 1 year low of $95.66 and a 1 year high of $171.51. The firm has a market capitalization of $5.52 billion, a P/E ratio of 53.76 and a beta of 1.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Trading of Colliers International Group

Several large investors have recently added to or reduced their stakes in the company. Durable Capital Partners LP grew its stake in Colliers International Group by 2.0% during the 3rd quarter. Durable Capital Partners LP now owns 3,699,124 shares of the financial services provider’s stock valued at $577,840,000 after purchasing an additional 73,623 shares during the last quarter. Vanguard Group Inc. grew its stake in Colliers International Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider’s stock valued at $293,379,000 after purchasing an additional 23,516 shares during the last quarter. FIL Ltd grew its stake in Colliers International Group by 5.0% during the 4th quarter. FIL Ltd now owns 1,780,980 shares of the financial services provider’s stock valued at $261,772,000 after purchasing an additional 85,078 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Colliers International Group by 16.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,308,985 shares of the financial services provider’s stock valued at $192,436,000 after purchasing an additional 187,663 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Colliers International Group by 69.0% during the 4th quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock valued at $158,274,000 after purchasing an additional 439,607 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.