Colliers International Group (NASDAQ:CIGI) Rating Increased to Buy at StockNews.com

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Other research analysts have also issued reports about the company. Scotiabank lowered their price target on Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating on the stock in a report on Friday, February 7th. National Bankshares dropped their price target 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. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a report on Friday, February 7th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Finally, CIBC assumed coverage on Colliers International Group in a report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $166.90.

Remove Ads

Colliers International Group Stock Down 0.5 %

Shares of NASDAQ:CIGI traded down $0.67 during midday trading on Friday, hitting $122.10. 119,692 shares of the company's stock traded hands, compared to its average volume of 112,249. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The firm's fifty day moving average price is $133.92 and its two-hundred day moving average price is $142.44. 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 company has a market cap of $6.02 billion, a PE ratio of 38.28 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. On average, equities research analysts anticipate that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FIL Ltd lifted its holdings in shares of Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after acquiring an additional 832,583 shares during the last quarter. Norges Bank bought a new position in Colliers International Group in the 4th quarter worth $74,615,000. Janus Henderson Group PLC bought a new stake in Colliers International Group during the 3rd quarter valued at approximately $69,920,000. Franklin Resources Inc. grew its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after purchasing an additional 340,691 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in Colliers International Group by 67.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock valued at $59,320,000 after acquiring an additional 176,232 shares during the period. 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.