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

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

Several other analysts have also recently issued reports on the stock. Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Colliers International Group in a research report on Monday, September 9th. Stifel Nicolaus raised their price target on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective 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. Finally, National Bankshares boosted their price target on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Colliers International Group Trading Up 1.4 %

NASDAQ CIGI opened at $150.98 on Monday. The firm has a market cap of $7.38 billion, a PE ratio of 73.65 and a beta of 1.49. Colliers International Group has a one year low of $83.38 and a one year high of $151.39. The firm’s fifty day moving average is $139.51 and its two-hundred day moving average is $122.71. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $1.21 EPS. Colliers International Group’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect 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 have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its position in Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. Blue Trust Inc. grew its holdings in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after buying an additional 316 shares in the last quarter. Security National Bank acquired a new position in shares of Colliers International Group during the fourth quarter valued at $70,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Colliers International Group in the 1st quarter valued at about $118,000. 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.