Stifel Nicolaus Forecasts Strong Price Appreciation for Colliers International Group (NASDAQ:CIGI) Stock

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target lifted by stock analysts at Stifel Nicolaus from $190.00 to $195.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 45.37% from the stock’s previous close.

CIGI has been the topic of a number of other reports. Wall Street Zen upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. Raymond James Financial raised Colliers International Group from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $195.00 to $200.00 in a research note on Wednesday. National Bankshares lifted their price target on shares of Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Finally, CIBC raised their target price on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target of $178.70.

Colliers International Group Stock Performance

Colliers International Group stock opened at $134.14 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The firm has a market cap of $6.68 billion, a P/E ratio of 58.58 and a beta of 1.40. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $171.51. The firm has a 50-day moving average of $143.89 and a 200-day moving average of $151.86.

Institutional Investors Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Colliers International Group by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock worth $15,698,000 after purchasing an additional 56,755 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Colliers International Group by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock valued at $5,508,000 after purchasing an additional 505 shares in the last quarter. Blair William & Co. IL grew its holdings in Colliers International Group by 1.7% during the second quarter. Blair William & Co. IL now owns 32,875 shares of the financial services provider’s stock valued at $4,291,000 after purchasing an additional 553 shares during the period. Louisbourg Investments Inc. increased its position in Colliers International Group by 96.6% in the second quarter. Louisbourg Investments Inc. now owns 60,543 shares of the financial services provider’s stock worth $7,907,000 after buying an additional 29,748 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Colliers International Group by 23.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock worth $273,000 after buying an additional 397 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.