Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $77.22.

Several analysts have recently weighed in on CIGI shares. Raymond James set a $85.00 target price on shares of Colliers International Group and gave the company an “outperform” rating in a research report on Monday, April 29th. ValuEngine downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. BidaskClub downgraded shares of Colliers International Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Zacks Investment Research raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $79.00 price target for the company in a research note on Wednesday, February 20th. Finally, Royal Bank of Canada dropped their price target on shares of Colliers International Group from $87.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th.

Shares of Colliers International Group stock traded down $0.01 during trading on Friday, hitting $60.95. 6,434 shares of the company’s stock traded hands, compared to its average volume of 91,810. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.03 and a current ratio of 1.03. Colliers International Group has a twelve month low of $52.01 and a twelve month high of $84.20. The firm has a market cap of $2.32 billion, a P/E ratio of 24.78 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Friday, April 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.23). Colliers International Group had a net margin of 3.24% and a return on equity of 25.61%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $628.75 million. During the same quarter last year, the firm posted $0.45 earnings per share. Colliers International Group’s revenue was up 15.0% on a year-over-year basis. On average, equities analysts forecast that Colliers International Group will post 3.11 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of CIGI. Oxford Asset Management LLP raised its position in shares of Colliers International Group by 384.9% in the first quarter. Oxford Asset Management LLP now owns 21,829 shares of the financial services provider’s stock valued at $1,457,000 after purchasing an additional 17,327 shares during the period. Marshall Wace LLP raised its position in shares of Colliers International Group by 59.0% in the first quarter. Marshall Wace LLP now owns 9,103 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 3,379 shares during the period. Marshall Wace North America L.P. raised its position in shares of Colliers International Group by 321.4% in the first quarter. Marshall Wace North America L.P. now owns 5,900 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 4,500 shares during the period. Trexquant Investment LP bought a new position in shares of Colliers International Group in the first quarter valued at about $296,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Colliers International Group by 3.7% in the first quarter. The Manufacturers Life Insurance Company now owns 814,629 shares of the financial services provider’s stock valued at $54,385,000 after purchasing an additional 29,042 shares during the period. 69.89% of the stock is owned by hedge funds and other institutional investors.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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