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

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

Several other equities analysts have also issued reports on the stock. National Bankshares cut 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 report on Friday, February 7th. Raymond James dropped their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. BMO Capital Markets lowered their price target on 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. Finally, The Goldman Sachs Group initiated coverage on Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target for the company. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.67.

Colliers International Group Trading Up 2.0 %

NASDAQ:CIGI opened at $128.09 on Tuesday. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. 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 firm has a market cap of $6.48 billion, a P/E ratio of 40.15 and a beta of 1.49. The firm has a 50-day simple moving average of $134.78 and a 200-day simple moving average of $142.89.

Colliers International Group (NASDAQ:CIGI) (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%. Equities analysts anticipate that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in Colliers International Group by 6.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 24,776 shares of the financial services provider’s stock valued at $3,368,000 after acquiring an additional 1,444 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Colliers International Group by 9.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,275 shares of the financial services provider’s stock valued at $17,422,000 after acquiring an additional 10,667 shares in the last quarter. Tidal Investments LLC purchased a new position in Colliers International Group during the fourth quarter valued at approximately $222,000. Silvercrest Asset Management Group LLC raised its position in Colliers International Group by 0.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock valued at $4,681,000 after acquiring an additional 151 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in Colliers International Group by 288.0% during the fourth quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider’s stock valued at $17,187,000 after acquiring an additional 93,864 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other 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.