Colliers International Group (NASDAQ:CIGI) Stock Rating Upgraded by JMP Securities

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a report issued on Monday, February 4th, Marketbeat.com reports. The brokerage presently has a $63.66 price target on the financial services provider’s stock. JMP Securities’ target price would indicate a potential downside of 7.05% from the company’s current price.

Several other equities research analysts have also weighed in on CIGI. Zacks Investment Research lowered Colliers International Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 1st. BidaskClub upgraded Colliers International Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Royal Bank of Canada cut their price target on Colliers International Group from $89.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Finally, Raymond James set a $85.00 price target on Colliers International Group and gave the stock a “buy” rating in a report on Wednesday, October 31st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $78.67.

NASDAQ:CIGI traded up $0.21 on Monday, hitting $68.49. 37,649 shares of the company’s stock traded hands, compared to its average volume of 40,542. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.95 and a quick ratio of 1.06. Colliers International Group has a 1 year low of $52.01 and a 1 year high of $84.20. The stock has a market cap of $2.60 billion, a PE ratio of 27.96 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.12. Colliers International Group had a return on equity of 28.18% and a net margin of 3.46%. The business had revenue of $889.88 million during the quarter, compared to analysts’ expectations of $866.25 million. During the same quarter in the previous year, the business posted $1.36 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts anticipate that Colliers International Group will post 3.27 earnings per share for the current year.

Several large investors have recently bought and sold shares of CIGI. Dimensional Fund Advisors LP grew its holdings in shares of Colliers International Group by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 111,342 shares of the financial services provider’s stock valued at $6,128,000 after acquiring an additional 6,806 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Colliers International Group by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 62,600 shares of the financial services provider’s stock valued at $4,713,000 after acquiring an additional 4,400 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Colliers International Group by 229.5% in the fourth quarter. APG Asset Management N.V. now owns 119,600 shares of the financial services provider’s stock valued at $5,767,000 after acquiring an additional 83,300 shares in the last quarter. Millennium Management LLC bought a new position in shares of Colliers International Group in the fourth quarter valued at approximately $1,816,000. Finally, Legal & General Group Plc grew its holdings in shares of Colliers International Group by 29.9% in the fourth quarter. Legal & General Group Plc now owns 9,747 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 2,244 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

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