Colliers International Group (NASDAQ:CIGI) Upgraded at Wall Street Zen

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts have also recently commented on the stock. National Bankshares upped their target price on shares of Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Stifel Nicolaus raised their price target on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Raymond James Financial boosted their price target on shares of Colliers International Group from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. CIBC upped their price target on shares of 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, Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.20.

Colliers International Group Stock Down 0.8%

Shares of CIGI opened at $139.85 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $6.96 billion, a PE ratio of 61.07 and a beta of 1.40. The stock has a fifty day simple moving average of $144.65 and a two-hundred day simple moving average of $151.95. Colliers International Group has a 52-week low of $100.86 and a 52-week high of $171.51.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIGI. The Manufacturers Life Insurance Company boosted its holdings in Colliers International Group by 21.3% in the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock valued at $117,619,000 after acquiring an additional 158,668 shares during the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of Colliers International Group by 2.9% in the 2nd quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock worth $10,971,000 after purchasing an additional 2,350 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Colliers International Group by 7.8% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 128,766 shares of the financial services provider’s stock valued at $16,809,000 after purchasing an additional 9,357 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in shares of Colliers International Group by 1.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 129,280 shares of the financial services provider’s stock valued at $16,881,000 after purchasing an additional 1,756 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Colliers International Group by 69.8% during the 2nd quarter. American Century Companies Inc. now owns 361,865 shares of the financial services provider’s stock worth $47,240,000 after purchasing an additional 148,783 shares during the period. Institutional investors and hedge funds 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.