Colliers International Group (CIGI) Sets New 1-Year High and Low at $69.70

Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) shares reached a new 52-week high and low during trading on Friday . The stock traded as low as $69.70 and last traded at $69.45, with a volume of 28500 shares. The stock had previously closed at $67.85.

Several research analysts recently commented on CIGI shares. BidaskClub raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a report on Saturday, March 17th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Thursday, February 1st. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. ValuEngine raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Raymond James Financial raised their price target on shares of Colliers International Group from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, February 16th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $72.40.

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The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $2,626.46, a P/E ratio of 27.13 and a beta of 1.64.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.18. Colliers International Group had a net margin of 2.17% and a return on equity of 40.34%. The firm had revenue of $734.25 million during the quarter, compared to the consensus estimate of $648.86 million. During the same period last year, the firm earned $1.22 EPS. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. equities analysts anticipate that Colliers International Group Inc will post 2.04 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Beutel Goodman & Co Ltd. bought a new position in Colliers International Group in the 4th quarter valued at $117,633,000. Renaissance Technologies LLC boosted its holdings in Colliers International Group by 4.5% in the 4th quarter. Renaissance Technologies LLC now owns 859,200 shares of the financial services provider’s stock valued at $51,856,000 after purchasing an additional 36,800 shares during the period. Mackenzie Financial Corp boosted its holdings in Colliers International Group by 305.1% in the 4th quarter. Mackenzie Financial Corp now owns 305,329 shares of the financial services provider’s stock valued at $18,427,000 after purchasing an additional 229,960 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Colliers International Group by 31.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 261,450 shares of the financial services provider’s stock valued at $15,779,000 after purchasing an additional 62,834 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Colliers International Group by 25.2% in the 4th quarter. Deutsche Bank AG now owns 234,768 shares of the financial services provider’s stock valued at $14,168,000 after purchasing an additional 47,253 shares during the period. 70.22% of the stock is owned by hedge funds and other institutional investors.

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About Colliers International Group

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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