Colliers International Group (NASDAQ:CIGI) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a buy rating in a research note published on Friday, BidAskClub reports.

Several other research firms have also weighed in on CIGI. Royal Bank of Canada lowered their price target on Colliers International Group from $83.00 to $80.00 and set an outperform rating on the stock in a research report on Wednesday, October 30th. Raymond James reissued an outperform rating and issued a $85.00 target price on shares of Colliers International Group in a research note on Wednesday, October 30th. Zacks Investment Research raised shares of Colliers International Group from a hold rating to a strong-buy rating and set a $78.00 target price for the company in a research note on Monday, November 4th. ValuEngine downgraded shares of Colliers International Group from a buy rating to a hold rating in a report on Wednesday, September 4th. Finally, Scotiabank upgraded shares of Colliers International Group from a sector perform rating to an outperform rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $77.53.

CIGI stock opened at $74.08 on Friday. Colliers International Group has a fifty-two week low of $52.01 and a fifty-two week high of $77.79. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $70.87 and a 200-day moving average of $70.02. The stock has a market capitalization of $2.94 billion, a P/E ratio of 30.24 and a beta of 1.59.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.37. Colliers International Group had a net margin of 3.58% and a return on equity of 25.57%. The business had revenue of $736.88 million for the quarter, compared to analyst estimates of $763.23 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that Colliers International Group will post 2.98 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of CIGI. DekaBank Deutsche Girozentrale bought a new position in Colliers International Group during the 2nd quarter worth $39,000. JPMorgan Chase & Co. bought a new position in shares of Colliers International Group in the second quarter worth $134,000. Barclays PLC acquired a new position in Colliers International Group in the third quarter valued at about $143,000. Cidel Asset Management Inc. bought a new stake in Colliers International Group during the second quarter worth about $208,000. Finally, Tower Research Capital LLC TRC lifted its position in Colliers International Group by 1,367.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,859 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 3,596 shares during the period. Institutional investors own 67.16% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

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