Wall Street Zen Upgrades Colliers International Group (NASDAQ:CIGI) to “Buy”

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

CIGI has been the topic of a number of other research reports. National Bankshares boosted their price objective on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Stifel Nicolaus raised their target price on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday. Raymond James Financial increased their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Finally, CIBC lifted their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.20.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $139.85 on Friday. The firm’s fifty day simple moving average is $144.65 and its 200 day simple moving average is $151.95. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Colliers International Group has a twelve month low of $100.86 and a twelve month high of $171.51. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 61.07 and a beta of 1.40.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Colliers International Group during the third quarter worth about $26,000. JPMorgan Chase & Co. acquired a new position in Colliers International Group during the 2nd quarter valued at about $39,000. EverSource Wealth Advisors LLC grew its position in Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 63 shares during the last quarter. Sagard Holdings Management Inc. bought a new position in Colliers International Group in the 2nd quarter worth about $73,000. Finally, Blue Trust Inc. increased its stake in shares of Colliers International Group by 17.1% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 74 shares during the period. 80.09% of the stock is currently owned by institutional investors.

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.