Colliers International Group (NASDAQ:CIGI) Sets New 52-Week Low – Here’s Why

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) shares reached a new 52-week low on Monday . The company traded as low as $100.86 and last traded at $107.19, with a volume of 13613 shares. The stock had previously closed at $112.17.

Wall Street Analysts Forecast Growth

CIGI has been the subject of several recent research reports. Colliers Securities set a $160.00 target price on shares of Colliers International Group in a research report on Tuesday, March 4th. Royal Bank of Canada boosted their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, CIBC started coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.30.

Colliers International Group Price Performance

The company has a 50 day moving average price of $128.62 and a 200 day moving average price of $139.58. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its 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 net margin of 3.35% and a return on equity of 20.38%. As a group, equities research analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Institutional Trading of Colliers International Group

A number of institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake 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 purchasing an additional 254 shares during the period. Jane Street Group LLC increased its stake in Colliers International Group by 10.5% in the third quarter. Jane Street Group LLC now owns 34,916 shares of the financial services provider’s stock valued at $5,299,000 after purchasing an additional 3,314 shares in the last quarter. National Bank of Canada FI raised its holdings in Colliers International Group by 21.0% in the third quarter. National Bank of Canada FI now owns 84,362 shares of the financial services provider’s stock worth $12,806,000 after purchasing an additional 14,633 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Colliers International Group in the 3rd quarter valued at $3,543,000. Finally, Barclays PLC bought a new position in Colliers International Group during the third quarter worth about $1,629,000. 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.