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 report released on Friday morning.

Several other brokerages also recently weighed in on CIGI. CIBC began 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 target price for the company. Scotiabank decreased their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Finally, 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 note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Colliers International Group Price Performance

Colliers International Group stock opened at $124.19 on Friday. Colliers International Group has a 52-week low of $101.01 and a 52-week high of $156.96. The firm has a fifty day moving average of $134.14 and a 200-day moving average of $142.58. The firm has a market capitalization of $6.12 billion, a P/E ratio of 38.93 and a beta of 1.58. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate 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, analysts predict that Colliers International Group will post 6.2 EPS for the current year.

Institutional Trading of Colliers International Group

A number of large investors have recently modified their holdings of CIGI. Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $43,000 after acquiring an additional 298 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Colliers International Group in the 3rd quarter worth about $112,000. Tobam increased its holdings in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Colliers International Group in the 4th quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC increased its holdings 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 worth $164,000 after acquiring an additional 378 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.