Colliers International Group (NASDAQ:CIGI) PT Lowered to $135.00 at Scotiabank

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective reduced by analysts at Scotiabank from $140.00 to $135.00 in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s target price indicates a potential upside of 26.24% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. National Bankshares lowered 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 report on Thursday, January 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $150.00 target price on shares of Colliers International Group in a research report on Thursday, February 29th. BMO Capital Markets boosted their target price 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. Raymond James upped their price target on 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. Finally, Stifel Nicolaus upped their price target on Colliers International Group from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and an average price target of $138.50.

Colliers International Group Stock Down 1.8 %

CIGI opened at $106.94 on Wednesday. Colliers International Group has a one year low of $83.38 and a one year high of $131.05. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s fifty day moving average is $119.40 and its 200-day moving average is $111.32. The company has a market capitalization of $5.21 billion, a PE ratio of 81.02 and a beta of 1.46.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its 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 for the quarter, compared to analyst estimates of $1.20 billion. Colliers International Group had a return on equity of 32.94% and a net margin of 1.51%. On average, equities analysts predict that Colliers International Group will post 5.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CIGI. Qube Research & Technologies Ltd purchased a new position in Colliers International Group in the third quarter valued at about $48,000. PNC Financial Services Group Inc. grew its stake in Colliers International Group by 252.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 316 shares in the last quarter. Tobam purchased a new position in Colliers International Group in the fourth quarter valued at about $58,000. Security National Bank bought a new stake in shares of Colliers International Group during the 4th quarter worth about $70,000. Finally, Power Corp of Canada bought a new stake in shares of Colliers International Group during the 1st quarter worth about $72,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.