William Blair Reaffirms Outperform Rating for Colliers International Group (NASDAQ:CIGI)

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI)‘s stock had its “outperform” rating reissued by investment analysts at William Blair in a note issued to investors on Friday,RTT News reports.

Several other analysts also recently commented on CIGI. Royal Bank of Canada raised their target price on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. BMO Capital Markets cut their price target on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. National Bankshares cut their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. Finally, National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Four investment 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Stock Up 0.3 %

NASDAQ:CIGI opened at $128.22 on Friday. The firm’s 50 day simple moving average is $135.19 and its 200 day simple moving average is $142.95. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The company has a market cap of $6.49 billion, a PE ratio of 40.19 and a beta of 1.49.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIGI. Tower Research Capital LLC TRC boosted its position in Colliers International Group by 1,752.9% during the fourth 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 period. Plato Investment Management Ltd bought a new position in Colliers International Group in the third quarter worth about $112,000. Tobam increased its stake 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 valued at $124,000 after purchasing an additional 98 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Colliers International Group during the fourth quarter valued at approximately $145,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after buying an additional 378 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

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.