Colliers International Group (NASDAQ:CIGI) Upgraded at Cibc World Mkts

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was upgraded by investment analysts at Cibc World Mkts to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in 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. Raymond James dropped their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Scotiabank decreased their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.67.

Colliers International Group Trading Up 2.0 %

Shares of CIGI stock opened at $128.09 on Tuesday. The business has a 50-day moving average of $134.78 and a 200 day moving average of $142.89. 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 has a 1-year low of $101.01 and a 1-year high of $156.96. The stock has a market capitalization of $6.48 billion, a PE ratio of 40.15 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. As a group, sell-side analysts anticipate that Colliers International Group will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIGI. Tobam raised its stake in shares of 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 buying an additional 98 shares during the last quarter. Plato Investment Management Ltd boosted its stake 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 worth $117,000 after buying an additional 118 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Colliers International Group by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 144 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of Colliers International Group by 0.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock valued at $4,681,000 after buying an additional 151 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.