StockNews.com Upgrades Colliers International Group (NASDAQ:CIGI) to “Buy”

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

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective on the stock. BMO Capital Markets reduced their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. 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. Scotiabank reduced their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Finally, The Goldman Sachs Group started coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus price target of $168.63.

Colliers International Group Trading Down 2.0 %

NASDAQ:CIGI opened at $125.50 on Wednesday. The company has a fifty day moving average of $136.42 and a 200 day moving average of $143.17. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $6.18 billion, a P/E ratio of 39.34 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 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%. On average, research analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s dividend payout ratio is presently 9.40%.

Institutional Trading of Colliers International Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 298 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Colliers International Group by 26.4% during the 3rd 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 period. Plato Investment Management Ltd bought a new position in Colliers International Group during the 3rd quarter valued at about $112,000. Tobam lifted its stake in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares during the period. Finally, Blue Trust Inc. lifted its stake in Colliers International Group by 197.8% during the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 619 shares during the period. 80.09% of the stock is 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.