Colliers International Group (NASDAQ:CIGI) Reaches New 1-Year High at $152.84

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) shares hit a new 52-week high on Tuesday . The company traded as high as $152.84 and last traded at $152.77, with a volume of 42494 shares. The stock had previously closed at $151.81.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of Colliers International Group in a research report on Monday, September 9th. National Bankshares boosted 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. Stifel Nicolaus upped their price target on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Scotiabank raised their price target on shares of Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Colliers International Group Trading Up 0.2 %

The stock has a 50 day simple moving average of $141.08 and a 200-day simple moving average of $123.59. The firm has a market cap of $7.44 billion, a P/E ratio of 74.22 and a beta of 1.49. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 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 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. On average, equities research analysts expect that Colliers International Group Inc. will post 5.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its position in shares of Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 207 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Colliers International Group by 3,377.8% during 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 last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after buying an additional 316 shares in the last quarter. Security National Bank purchased a new position in shares of Colliers International Group in the 4th quarter worth approximately $70,000. Finally, Central Pacific Bank Trust Division purchased a new stake in Colliers International Group during the first quarter valued at approximately $118,000. 80.09% of the stock is 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.