Colliers International Group’s (CIGI) Outperform Rating Reaffirmed at William Blair

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI)‘s stock had its “outperform” rating restated by equities researchers at William Blair in a research report issued to clients and investors on Friday,RTT News reports.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. Raymond James cut their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. National Bankshares decreased their target price on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, BMO Capital Markets cut their price target on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Price Performance

Shares of Colliers International Group stock traded up $1.40 on Friday, hitting $129.22. 43,515 shares of the company traded hands, compared to its average volume of 124,816. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.54 billion, a P/E ratio of 40.62 and a beta of 1.49. The firm’s 50-day simple moving average is $135.34 and its 200 day simple moving average is $142.98.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Analysts expect that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Institutional Trading of Colliers International Group

Several large investors have recently modified their holdings of CIGI. Public Employees Retirement System of Ohio raised its position in Colliers International Group by 6.2% during the 4th 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 purchasing an additional 1,444 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Colliers International Group by 9.1% during 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 in the last quarter. Tidal Investments LLC bought a new position in shares of Colliers International Group during the fourth quarter valued at approximately $222,000. Silvercrest Asset Management Group LLC lifted 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 worth $4,681,000 after acquiring an additional 151 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings 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 in 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.