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

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 note issued to investors on Saturday.

A number of other brokerages also recently issued reports on CIGI. Stifel Nicolaus boosted their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Scotiabank lifted their target price on shares of Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, October 8th. CIBC lifted their price objective on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, National Bankshares upped their target price on Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.70.

Colliers International Group Trading Down 1.2%

NASDAQ CIGI opened at $145.22 on Friday. Colliers International Group has a fifty-two week low of $100.86 and a fifty-two week high of $171.51. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day simple moving average of $147.80 and a two-hundred day simple moving average of $150.60. The stock has a market cap of $7.40 billion, a P/E ratio of 63.42 and a beta of 1.40.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Colliers International Group in the third quarter worth $26,000. JPMorgan Chase & Co. purchased a new stake 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% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the last quarter. State of Wyoming bought a new stake in Colliers International Group during the 1st quarter valued at about $52,000. Finally, Sagard Holdings Management Inc. purchased a new position in Colliers International Group in the second quarter worth about $73,000. 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.