Colliers International Group (NASDAQ:CIGI) Upgraded at StockNews.com

StockNews.com upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a buy rating in a research note published on Monday morning.

Other analysts have also issued reports about the company. Scotiabank lifted their price target on Colliers International Group from $150.00 to $155.00 and gave the stock a sector outperform rating in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an outperform rating and issued a $160.00 price objective on shares of Colliers International Group in a research report on Monday, September 9th. BMO Capital Markets increased 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. Raymond James cut shares of Colliers International Group from a strong-buy rating to an outperform rating and lifted their price target for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Finally, Stifel Nicolaus increased their price objective on Colliers International Group from $155.00 to $160.00 and gave the company a buy rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $156.00.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $151.30 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $140.32 and a 200-day moving average of $123.10. Colliers International Group has a one year low of $83.38 and a one year high of $152.84. The company has a market cap of $7.40 billion, a P/E ratio of 73.80 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts forecast that Colliers International Group will post 5.66 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Colliers International Group by 15.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 288,948 shares of the financial services provider’s stock valued at $36,560,000 after buying an additional 37,851 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in Colliers International Group during the fourth quarter valued at approximately $203,000. Norges Bank bought a new stake in Colliers International Group during the 4th quarter worth approximately $47,753,000. TD Asset Management Inc lifted its stake in Colliers International Group by 7.0% in the 4th quarter. TD Asset Management Inc now owns 195,336 shares of the financial services provider’s stock worth $24,818,000 after purchasing an additional 12,845 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. boosted its holdings in Colliers International Group by 5.8% in the 4th quarter. Bank of Nova Scotia Trust Co. now owns 10,328 shares of the financial services provider’s stock valued at $1,307,000 after purchasing an additional 570 shares during the period. 80.09% of the stock is currently owned by institutional investors.

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.