Colliers International Group (NASDAQ:CIGI) Reaches New 1-Year High at $116.88


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Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $116.88 and last traded at $116.08, with a volume of 1611 shares trading hands. The stock had previously closed at $109.56.

A number of research firms recently issued reports on CIGI. Raymond James reiterated an “outperform” rating and set a $120.00 target price on shares of Colliers International Group in a research report on Tuesday, March 2nd. TD Securities increased their price target on Colliers International Group from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 16th. William Blair reissued an “outperform” rating on shares of Colliers International Group in a research note on Thursday, February 11th. Zacks Investment Research cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th. Finally, The Goldman Sachs Group started coverage on shares of Colliers International Group in a report on Monday, January 25th. They set a “neutral” rating and a $101.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $112.33.

The firm has a 50 day moving average of $103.61 and a 200 day moving average of $92.74. The firm has a market cap of $5.09 billion, a PE ratio of 75.85 and a beta of 1.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.61.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Wednesday, February 10th. The financial services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.97. The firm had revenue of $913.72 million for the quarter, compared to analysts’ expectations of $814.10 million. Colliers International Group had a return on equity of 12.41% and a net margin of 2.27%. On average, research analysts anticipate that Colliers International Group Inc. will post 1.11 EPS for the current year.

Several large investors have recently added to or reduced their stakes in CIGI. Dimensional Fund Advisors LP boosted its position in shares of Colliers International Group by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 147,299 shares of the financial services provider’s stock valued at $13,129,000 after acquiring an additional 500 shares during the period. New York State Common Retirement Fund grew its position in Colliers International Group by 12.4% during the fourth quarter. New York State Common Retirement Fund now owns 9,693 shares of the financial services provider’s stock worth $864,000 after buying an additional 1,071 shares in the last quarter. Addenda Capital Inc. increased its stake in Colliers International Group by 3.3% in the 4th quarter. Addenda Capital Inc. now owns 47,130 shares of the financial services provider’s stock worth $4,190,000 after acquiring an additional 1,490 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Colliers International Group by 47.9% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 4,941 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 1,600 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Colliers International Group in the fourth quarter worth approximately $155,000. Institutional investors own 69.80% of the company’s stock.

Colliers International Group Company Profile (NASDAQ:CIGI)

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It 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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