Colliers International Group (NASDAQ:CIGI) Upgraded to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

CIGI has been the topic of several other research reports. CIBC initiated coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price objective on the stock. Scotiabank cut their price target on Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 7th. National Bankshares cut their target price on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. National Bank Financial raised shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets decreased their price target on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned 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 an average price target of $166.90.

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Colliers International Group Trading Down 1.1 %

CIGI stock traded down $1.42 during mid-day trading on Tuesday, reaching $122.77. 339,175 shares of the stock traded hands, compared to its average volume of 112,219. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The stock has a market capitalization of $6.05 billion, a PE ratio of 38.49 and a beta of 1.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day moving average price of $134.14 and a two-hundred day moving average price of $142.58.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) 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%. Equities research analysts expect that Colliers International Group will post 6.2 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 298 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Colliers International Group during the third quarter worth about $112,000. Tobam boosted its position in Colliers International Group by 12.0% in the fourth 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. Venturi Wealth Management LLC acquired a new position in Colliers International Group in the 4th quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC raised its position in Colliers International Group by 44.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after buying an additional 378 shares during the last quarter. Hedge funds and other institutional investors 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.