Colliers International Group (NASDAQ:CIGI) Given New $135.00 Price Target at Scotiabank

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target reduced by Scotiabank from $140.00 to $135.00 in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have a sector outperform rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the company. Royal Bank of Canada reissued an outperform rating and set a $150.00 price objective on shares of Colliers International Group in a research report on Thursday, February 29th. BMO Capital Markets boosted their price objective on Colliers International Group from $129.00 to $137.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Stifel Nicolaus boosted their price objective on Colliers International Group from $130.00 to $145.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Raymond James boosted their target price on Colliers International Group from $140.00 to $145.00 and gave the stock a strong-buy rating in a research note on Friday, February 9th. Finally, National Bankshares cut Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 target price for the company. in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Colliers International Group currently has an average rating of Moderate Buy and a consensus price target of $138.50.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $108.94 on Wednesday. The company has a market cap of $5.31 billion, a P/E ratio of 82.53 and a beta of 1.46. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a 50-day moving average of $119.68 and a two-hundred day moving average of $111.35. Colliers International Group has a 1-year low of $83.38 and a 1-year high of $131.05.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). Colliers International Group had a return on equity of 32.94% and a net margin of 1.51%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. As a group, analysts anticipate that Colliers International Group will post 5.62 EPS for the current year.

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Addenda Capital Inc. lifted its stake in Colliers International Group by 8.8% in the first quarter. Addenda Capital Inc. now owns 127,362 shares of the financial services provider’s stock valued at $15,567,000 after buying an additional 10,340 shares during the last quarter. Pathway Financial Advisors LLC purchased a new stake in shares of Colliers International Group during the first quarter worth approximately $550,000. PNC Financial Services Group Inc. grew its holdings in Colliers International Group by 252.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 316 shares during the period. Wellington Management Group LLP grew its holdings in Colliers International Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 561,869 shares of the financial services provider’s stock worth $71,212,000 after acquiring an additional 67,857 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Colliers International Group by 41.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 85,704 shares of the financial services provider’s stock worth $10,843,000 after acquiring an additional 25,126 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

About Colliers International Group

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.