Colliers International Group (NASDAQ:CIGI) Reaches New 52-Week High at $151.46

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $151.46 and last traded at $151.04, with a volume of 1919 shares. The stock had previously closed at $150.98.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CIGI shares. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of Colliers International Group in a report on Monday, September 9th. National Bankshares lifted their price target on Colliers International Group from $125.00 to $137.00 and gave the company 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. StockNews.com upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a report on Monday. Finally, Scotiabank boosted their target price on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Colliers International Group Trading Up 0.3 %

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 73.65 and a beta of 1.49. The firm has a 50 day moving average price of $139.51 and a two-hundred day moving average price of $122.71.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, equities analysts forecast that Colliers International Group Inc. will post 5.66 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Scotia Capital Inc. grew its holdings in Colliers International Group by 3.5% during the 4th quarter. Scotia Capital Inc. now owns 5,491 shares of the financial services provider’s stock worth $692,000 after acquiring an additional 188 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Colliers International Group by 2.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 238 shares in the last quarter. Blue Trust Inc. lifted its stake in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after buying an additional 304 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after buying an additional 316 shares in the last quarter. Institutional investors and hedge funds 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.