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

National Bank Financial upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CIGI. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. BMO Capital Markets increased their target price 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 increased their target price on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Stifel Nicolaus increased their target price on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, National Bankshares raised their price objective on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.42.

Colliers International Group Stock Performance

CIGI stock opened at $151.22 on Tuesday. The business’s fifty day moving average is $148.38 and its 200-day moving average is $129.97. 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 $7.43 billion, a P/E ratio of 51.44 and a beta of 1.50. Colliers International Group has a twelve month low of $94.85 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. Equities research analysts forecast that Colliers International Group will post 5.63 EPS for the current year.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CIGI. The Manufacturers Life Insurance Company grew its stake in shares of Colliers International Group by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after purchasing an additional 326,453 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Colliers International Group by 91.3% during the 2nd quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock valued at $34,677,000 after acquiring an additional 148,265 shares during the period. Intact Investment Management Inc. purchased a new stake in shares of Colliers International Group during the 2nd quarter valued at approximately $6,970,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Colliers International Group during the 1st quarter valued at approximately $7,092,000. Finally, Victory Capital Management Inc. lifted its stake in 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 purchasing an additional 41,225 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.