Colliers International Group (NASDAQ:CIGI) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. started coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $167.00 price target on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 14.75% from the stock’s current price.

CIGI has been the topic of a number of other reports. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. BMO Capital Markets upped their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Royal Bank of Canada lifted their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.44.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $145.54 on Monday. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 46.35 and a beta of 1.47. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a 50 day moving average of $149.86 and a 200-day moving average of $137.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $1.10 EPS. Colliers International Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Colliers International Group will post 5.44 earnings per share for the current fiscal year.

Institutional Trading of Colliers International Group

Several hedge funds have recently added to or reduced their stakes in CIGI. Blue Trust Inc. grew its position in shares of Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares during the period. Argent Capital Management LLC boosted its holdings in Colliers International Group by 10.7% during the second quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider’s stock worth $3,306,000 after purchasing an additional 2,858 shares during the last quarter. Ceredex Value Advisors LLC grew its position in Colliers International Group by 1.6% in the second quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider’s stock valued at $9,720,000 after purchasing an additional 1,400 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Colliers International Group by 93.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock valued at $52,000 after buying an additional 226 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Colliers International Group by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.