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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was upgraded by stock analysts at Cibc World Mkts to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

CIGI has been the subject of several other reports. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price for the company. CIBC started coverage on shares of Colliers International Group in a report on Tuesday. They issued a “sector outperform” rating and a $160.00 target price on the stock. Scotiabank reduced their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Colliers International Group Stock Up 2.0 %

Shares of CIGI stock opened at $128.09 on Tuesday. The firm’s fifty day moving average price is $134.78 and its two-hundred day moving average price is $142.89. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The firm has a market capitalization of $6.48 billion, a P/E ratio of 40.15 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released 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%. On average, equities analysts predict that Colliers International Group will post 6.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares in the last quarter. Empowered Funds LLC grew its position in Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 4,678 shares during the last quarter. Barclays PLC acquired a new position in Colliers International Group in the 3rd quarter worth about $1,629,000. Thrivent Financial for Lutherans bought a new position in Colliers International Group in the third quarter valued at about $2,581,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Colliers International Group during the third quarter valued at about $3,543,000. 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.