Scotiabank Trims Colliers International Group (NASDAQ:CIGI) Target Price to $135.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target reduced by stock analysts at Scotiabank from $140.00 to $135.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s price target would indicate a potential upside of 24.18% from the company’s current price.

Several other research analysts have also commented on the company. Stifel Nicolaus boosted their price objective on Colliers International Group from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Raymond James upped 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. 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. National Bankshares lowered shares of Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective on the stock. in a research note on Thursday, January 4th. Finally, BMO Capital Markets increased their price target on Colliers International Group from $129.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.50.

Colliers International Group Stock Down 0.3 %

Shares of Colliers International Group stock traded down $0.37 during trading hours on Wednesday, hitting $108.71. The company had a trading volume of 68,401 shares, compared to its average volume of 110,938. 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 company’s 50-day moving average is $119.71 and its two-hundred day moving average is $111.36. The company has a market cap of $5.30 billion, a P/E ratio of 82.29 and a beta of 1.46. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $131.05.

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

Hedge Funds Weigh In On Colliers International Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Colliers International Group by 252.8% during 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. Tobam purchased a new stake in Colliers International Group during the fourth quarter valued at about $58,000. Qube Research & Technologies Ltd purchased a new position in Colliers International Group in the third quarter valued at approximately $48,000. Security National Bank purchased a new position in Colliers International Group in the fourth quarter valued at about $70,000. Finally, Power Corp of Canada acquired a new position in Colliers International Group during the 1st quarter worth approximately $72,000. 80.09% of the stock is owned by institutional investors and hedge funds.

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.