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

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

A number of other research firms have also recently issued reports on CIGI. National Bankshares increased their price target on Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Raymond James Financial raised their price target on shares of Colliers International Group from $180.00 to $195.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Stifel Nicolaus lifted their price target on shares of Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, CIBC increased their price objective 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. One equities 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.20.

Colliers International Group Stock Performance

Shares of CIGI opened at $138.49 on Friday. The firm’s fifty day simple moving average is $144.64 and its two-hundred day simple moving average is $152.12. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $171.51. 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 stock has a market capitalization of $6.89 billion, a P/E ratio of 60.48 and a beta of 1.40.

Hedge Funds Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in Colliers International Group by 3.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 115,350 shares of the financial services provider’s stock worth $16,958,000 after acquiring an additional 4,071 shares during the period. Addenda Capital Inc. increased its position in shares of Colliers International Group by 8.6% during the 4th quarter. Addenda Capital Inc. now owns 169,640 shares of the financial services provider’s stock valued at $24,939,000 after purchasing an additional 13,453 shares during the last quarter. Louisbourg Investments Inc. raised its stake in shares of Colliers International Group by 10.5% during the 4th quarter. Louisbourg Investments Inc. now owns 51,772 shares of the financial services provider’s stock worth $7,620,000 after purchasing an additional 4,925 shares during the period. Cooper Investors PTY Ltd. boosted its holdings in shares of Colliers International Group by 0.4% in the 4th quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock worth $4,442,000 after buying an additional 114 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Colliers International Group by 22.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 197,135 shares of the financial services provider’s stock valued at $28,981,000 after buying an additional 35,517 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

About Colliers International Group

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.