Colliers International Group (NASDAQ:CIGI) Sets New 52-Week High at $140.59

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) hit a new 52-week high on Monday . The company traded as high as $140.59 and last traded at $139.69, with a volume of 71463 shares. The stock had previously closed at $137.92.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CIGI shares. Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Stifel Nicolaus increased their price target on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. National Bankshares increased their target price on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their price objective on Colliers International Group from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets raised their price objective on Colliers International Group from $140.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Colliers International Group Stock Performance

The business has a 50-day moving average price of $123.95 and a 200 day moving average price of $118.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $6.89 billion, a P/E ratio of 67.89 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 25.35%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $1.21 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Colliers International Group Inc. will post 5.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CIGI. Whittier Trust Co. of Nevada Inc. grew its position in Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after buying an additional 207 shares during the period. Blue Trust Inc. grew its position in shares of Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 316 shares in the last quarter. Security National Bank bought a new position in Colliers International Group in the 4th quarter worth $70,000. Finally, Central Pacific Bank Trust Division purchased a new position in Colliers International Group during the first quarter valued at $118,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.