Colliers International Group (NASDAQ:CIGI) Upgraded to Strong-Buy at National Bank Financial

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

A number of other analysts have also recently weighed in on the stock. National Bankshares increased their price objective on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Scotiabank lifted their price target on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. BMO Capital Markets raised their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Finally, StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.42.

Colliers International Group Trading Down 1.1 %

NASDAQ CIGI opened at $147.33 on Tuesday. 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 has a one year low of $94.85 and a one year high of $156.96. The company has a 50-day simple moving average of $148.21 and a 200-day simple moving average of $129.82. The firm has a market capitalization of $7.24 billion, a PE ratio of 50.11 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The company 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 business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, equities analysts forecast that Colliers International Group will post 5.63 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new stake in Colliers International Group in the 1st quarter valued at about $229,000. Central Pacific Bank Trust Division bought a new position in shares of Colliers International Group in the first quarter valued at $118,000. Empowered Funds LLC lifted its position in shares of Colliers International Group by 9.9% during the 1st quarter. Empowered Funds LLC now owns 7,178 shares of the financial services provider’s stock valued at $877,000 after acquiring an additional 645 shares during the last quarter. Swiss National Bank boosted its stake in shares of Colliers International Group by 0.5% during the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock worth $10,044,000 after acquiring an additional 400 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Colliers International Group by 33.9% in the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock worth $2,015,000 after acquiring an additional 4,169 shares during 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.