Colliers International Group (NASDAQ:CIGI) Hits New 1-Year High at $152.84

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $152.84 and last traded at $152.77, with a volume of 42494 shares trading hands. The stock had previously closed at $151.81.

Analyst Upgrades and Downgrades

CIGI has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus upped their target price on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Scotiabank boosted their price target on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” 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 research report on Friday, September 13th. Finally, National Bankshares raised their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research note 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 presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Colliers International Group Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average is $141.08 and its two-hundred day moving average is $123.59. The company has a market capitalization of $7.44 billion, a P/E ratio of 74.22 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company posted $1.21 EPS. Colliers International Group’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts predict that Colliers International Group Inc. will post 5.66 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. grew its holdings in Colliers International Group by 575.0% during 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 buying an additional 207 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 purchasing an additional 304 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Colliers International Group by 252.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 316 shares during the period. Security National Bank purchased a new stake in shares of Colliers International Group in the fourth quarter worth $70,000. Finally, Central Pacific Bank Trust Division bought a new position in Colliers International Group in the 1st quarter worth about $118,000. 80.09% of the stock is 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.