Colliers International Group (NASDAQ:CIGI) Stock Rating Upgraded by StockNews.com

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

CIGI has been the subject of a number of other research reports. National Bankshares lifted their target price on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. BMO Capital Markets lifted their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Stifel Nicolaus lifted their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Scotiabank lifted their target price on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. Finally, Raymond James lowered shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $160.00 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Colliers International Group Price Performance

Shares of Colliers International Group stock traded down $0.23 during midday trading on Monday, reaching $148.86. The company had a trading volume of 57,206 shares, compared to its average volume of 116,363. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 72.61 and a beta of 1.49. The stock has a fifty day simple moving average of $139.08 and a 200 day simple moving average of $122.48. Colliers International Group has a 1-year low of $83.38 and a 1-year high of $150.38.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 EPS. As a group, equities research analysts forecast that Colliers International Group will post 5.51 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its position in Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares in the last quarter. Blue Trust Inc. increased its stake in Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after buying an additional 304 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after buying an additional 316 shares during the last quarter. Security National Bank acquired a new stake in Colliers International Group in the 4th quarter valued at $70,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Colliers International Group in the 1st quarter valued at $118,000. 80.09% of the stock is owned by 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.