Colliers International Group (NASDAQ:CIGI) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target increased by equities researchers at Raymond James Financial from $180.00 to $195.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James Financial’s price target would indicate a potential upside of 36.60% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. National Bankshares raised their price objective on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. CIBC upped their target price on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average target price of $178.20.

Colliers International Group Stock Performance

Shares of CIGI stock traded down $4.46 during trading hours on Tuesday, hitting $142.75. The stock had a trading volume of 43,887 shares, compared to its average volume of 75,936. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $7.11 billion, a PE ratio of 62.34 and a beta of 1.40. Colliers International Group has a twelve month low of $100.86 and a twelve month high of $171.51. The stock’s 50 day moving average is $145.28 and its 200 day moving average is $151.80.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds have recently modified their holdings of CIGI. The Manufacturers Life Insurance Company increased its position in shares of Colliers International Group by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock valued at $117,619,000 after acquiring an additional 158,668 shares during the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of Colliers International Group by 2.9% during the 2nd quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock valued at $10,971,000 after buying an additional 2,350 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Colliers International Group by 7.8% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 128,766 shares of the financial services provider’s stock valued at $16,809,000 after acquiring an additional 9,357 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in shares of Colliers International Group by 1.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 129,280 shares of the financial services provider’s stock valued at $16,881,000 after purchasing an additional 1,756 shares during the period. Finally, Argent Capital Management LLC boosted its stake in Colliers International Group by 9.0% during the 2nd quarter. Argent Capital Management LLC now owns 45,208 shares of the financial services provider’s stock valued at $5,901,000 after purchasing an additional 3,717 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

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.