Colliers International Gr (CIGI) Sets New 1-Year High and Low at $71.40

Colliers International Gr (NASDAQ:CIGI) (TSE:CIGI) hit a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $71.40 and last traded at $70.40, with a volume of 10113 shares trading hands. The stock had previously closed at $70.75.

Several equities research analysts recently issued reports on CIGI shares. Royal Bank of Canada boosted their price target on Colliers International Gr from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. ValuEngine upgraded Colliers International Gr from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Raymond James Financial boosted their price target on Colliers International Gr from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. TheStreet upgraded Colliers International Gr from a “c+” rating to a “b+” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research cut Colliers International Gr from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Colliers International Gr currently has a consensus rating of “Buy” and a consensus target price of $72.40.

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The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85. The company has a market cap of $2,675.62, a PE ratio of 27.64 and a beta of 1.54.

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

A number of institutional investors and hedge funds have recently made changes to their positions in CIGI. Beutel Goodman & Co Ltd. acquired a new position in Colliers International Gr during the fourth quarter valued at approximately $117,633,000. Mackenzie Financial Corp raised its position in Colliers International Gr by 305.1% during the fourth 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 in the last quarter. Millennium Management LLC raised its position in Colliers International Gr by 143.1% during the fourth quarter. Millennium Management LLC now owns 108,953 shares of the financial services provider’s stock valued at $6,575,000 after purchasing an additional 64,141 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Colliers International Gr by 31.6% during the fourth 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 in the last quarter. Finally, Deutsche Bank AG raised its position in Colliers International Gr by 25.2% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 70.22% of the company’s stock.

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Colliers International Gr Company Profile

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

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