Colliers International Group (NASDAQ:CIGI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a buy rating in a research report released on Sunday.

Several other research firms also recently issued reports on CIGI. National Bankshares upped their price objective on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Stifel Nicolaus upped their price target 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. CIBC raised 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 note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday. Finally, Raymond James Financial increased their price objective on Colliers International Group from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average price target of $178.20.

Colliers International Group Price Performance

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 stock has a market cap of $6.96 billion, a PE ratio of 61.07 and a beta of 1.40. Colliers International Group has a 12-month low of $100.86 and a 12-month high of $171.51. The business has a 50-day simple moving average of $144.65 and a two-hundred day simple moving average of $152.09.

Colliers International Group Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s dividend payout ratio is 13.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $40,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. raised its stake in Colliers International Group by 17.1% during the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after buying an additional 74 shares during the period. Stonegate Investment Group LLC boosted its holdings in Colliers International Group by 4.2% in the third quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 76 shares in the last quarter. Cornerstone Investment Partners LLC grew its stake in Colliers International Group by 3.6% in the second quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 77 shares during the period. Finally, Cooper Investors PTY Ltd. increased its holdings in shares of Colliers International Group by 0.4% during the fourth quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock valued at $4,442,000 after acquiring an additional 114 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

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.