Colliers International Group Inc (CIGI) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $79.75.
Several analysts have recently commented on CIGI shares. ValuEngine cut Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. BidaskClub cut Colliers International Group from a “hold” rating to a “sell” rating in a report on Saturday, June 16th. Zacks Investment Research cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, Royal Bank of Canada increased their target price on Colliers International Group from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st.
Shares of CIGI stock opened at $77.90 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.98 billion, a PE ratio of 25.79 and a beta of 1.45. Colliers International Group has a 52 week low of $46.60 and a 52 week high of $84.20.
A number of institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its holdings in Colliers International Group by 12.3% in the second quarter. Northern Trust Corp now owns 14,598 shares of the financial services provider’s stock valued at $1,105,000 after acquiring an additional 1,603 shares during the last quarter. Paloma Partners Management Co bought a new position in Colliers International Group in the second quarter valued at about $325,000. Cubist Systematic Strategies LLC bought a new position in Colliers International Group in the second quarter valued at about $259,000. Bank of America Corp DE boosted its holdings in Colliers International Group by 2.4% in the second quarter. Bank of America Corp DE now owns 54,702 shares of the financial services provider’s stock valued at $4,141,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Colliers International Group by 32.6% in the second quarter. Epoch Investment Partners Inc. now owns 175,403 shares of the financial services provider’s stock valued at $13,278,000 after acquiring an additional 43,160 shares during the last quarter. Institutional investors and hedge funds own 70.16% 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.
Read More: Diversification in Investing
Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.