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

Analysts at JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a note issued to investors 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 price target points to a potential upside of 14.75% from the stock’s current price.

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

Colliers International Group Trading Down 1.8 %

Colliers International Group stock opened at $145.54 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50-day simple moving average of $149.86 and a 200 day simple moving average of $137.25. The stock has a market capitalization of $7.34 billion, a P/E ratio of 46.35 and a beta of 1.47. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released 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). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. Analysts expect that Colliers International Group will post 5.44 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its position in Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 124 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after purchasing an additional 178 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Colliers International Group by 2.7% during the second 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 during the last quarter. HighTower Advisors LLC increased its holdings in shares of Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Colliers International Group by 8.4% in the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 277 shares during the last quarter. Institutional investors 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.