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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research firms also recently commented on CIGI. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. The Goldman Sachs Group started coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price target on the stock. National Bankshares reduced their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Scotiabank reduced their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Stock Down 2.9 %

CIGI opened at $128.06 on Wednesday. The company has a market cap of $6.31 billion, a P/E ratio of 40.14 and a beta of 1.49. The business’s 50-day moving average price is $136.82 and its 200-day moving average price is $143.21. 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 has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data 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%. On average, equities analysts expect that Colliers International Group will post 6.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CIGI. Tower Research Capital LLC TRC lifted 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 acquiring an additional 298 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position 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 purchased a new position in Colliers International Group during the 3rd quarter valued at about $112,000. Tobam lifted its position 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 position 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 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.