Colliers International Group (NASDAQ:CIGI) Price Target Cut to $145.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target decreased by research analysts at Royal Bank of Canada from $150.00 to $145.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 34.28% from the stock’s previous close.

A number of other brokerages have also recently weighed in on CIGI. Scotiabank cut their price objective on Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 17th. Stifel Nicolaus increased their price target on shares of Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets lifted their price objective on shares of Colliers International Group from $129.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, February 9th. National Bankshares downgraded shares of Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 target price on the stock. in a research note on Thursday, January 4th. Finally, Raymond James raised their price target on shares of Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $137.57.

Colliers International Group Stock Up 3.2 %

Shares of CIGI opened at $107.98 on Friday. The company’s 50-day moving average price is $115.46 and its 200 day moving average price is $112.46. Colliers International Group has a 12-month low of $83.38 and a 12-month high of $131.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76. The firm has a market cap of $5.28 billion, a P/E ratio of 52.67 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Colliers International Group had a net margin of 2.25% and a return on equity of 29.59%. On average, sell-side analysts forecast that Colliers International Group will post 5.56 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Colliers International Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,292,876 shares of the financial services provider’s stock worth $123,146,000 after purchasing an additional 22,603 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Colliers International Group by 33.6% during the 4th quarter. Mackenzie Financial Corp now owns 725,052 shares of the financial services provider’s stock worth $91,754,000 after buying an additional 182,167 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Colliers International Group by 10.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 718,321 shares of the financial services provider’s stock worth $68,420,000 after acquiring an additional 65,332 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Colliers International Group by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 710,420 shares of the financial services provider’s stock valued at $89,882,000 after acquiring an additional 61,295 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Colliers International Group by 48.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 697,809 shares of the financial services provider’s stock worth $88,405,000 after acquiring an additional 228,824 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.