Colliers International Group (NASDAQ:CIGI) Stock Rating Upgraded by National Bank Financial

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI was upgraded by research analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on CIGI. Stifel Nicolaus upped their price objective on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. National Bankshares upped their target price 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. BMO Capital Markets boosted their price target on Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a report on Friday, September 13th. Royal Bank of Canada lifted their target price on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, Scotiabank increased their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $160.42.

Colliers International Group Stock Performance

Shares of NASDAQ:CIGI traded up $3.89 on Tuesday, hitting $151.22. The company had a trading volume of 113,694 shares, compared to its average volume of 114,751. Colliers International Group has a 1-year low of $94.85 and a 1-year high of $156.96. The stock has a 50 day moving average price of $148.21 and a 200 day moving average price of $129.82. 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 stock has a market cap of $7.43 billion, a price-to-earnings ratio of 50.11 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Analysts expect that Colliers International Group will post 5.63 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CIGI. Vanguard Group Inc. raised its stake in shares of Colliers International Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider's stock worth $159,016,000 after purchasing an additional 5,152 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Colliers International Group by 47.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider's stock valued at $112,834,000 after buying an additional 326,453 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Colliers International Group by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider's stock worth $82,973,000 after buying an additional 41,225 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Colliers International Group by 0.9% in the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider's stock worth $76,703,000 after buying an additional 6,178 shares during the last quarter. Finally, Vulcan Value Partners LLC grew its holdings in shares of Colliers International Group by 4.6% in the second quarter. Vulcan Value Partners LLC now owns 454,181 shares of the financial services provider's stock valued at $50,767,000 after acquiring an additional 20,150 shares in the last quarter. Institutional investors own 80.09% of the company's stock.

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.