Colliers International Group (NASDAQ:CIGI) Sees Strong Trading Volume – Should You Buy?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) shares saw an uptick in trading volume on Wednesday . 128,804 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 113,245 shares.The stock last traded at $122.30 and had previously closed at $121.30.

Wall Street Analyst Weigh In

CIGI has been the topic of several research reports. CIBC began coverage on Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. National Bankshares reduced their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Raymond James lowered their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.30.

Colliers International Group Stock Performance

The stock’s 50-day moving average is $130.05 and its 200 day moving average is $140.18. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 38.28 and a beta of 1.58. 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 (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Institutional Trading of Colliers International Group

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Colliers International Group by 1,752.9% in the 4th 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 in the last quarter. Plato Investment Management Ltd grew its position in Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 118 shares during the period. Tobam increased its stake in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Colliers International Group in the 4th quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Colliers International Group by 44.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 378 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

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.