Colliers International Group (NASDAQ:CIGI) Given New $145.00 Price Target at The Goldman Sachs Group

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target reduced by research analysts at The Goldman Sachs Group from $165.00 to $145.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 17.13% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. CIBC assumed coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective for the company. National Bankshares lowered their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. Finally, BMO Capital Markets lowered their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.40.

Colliers International Group Stock Down 0.2 %

CIGI stock opened at $123.79 on Wednesday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 38.81 and a beta of 1.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The firm has a 50-day moving average price of $131.84 and a 200-day moving average price of $141.27.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, equities research analysts anticipate that Colliers International Group will post 6.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

A number of large investors have recently modified their holdings of CIGI. Empowered Funds LLC lifted its holdings in shares of Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 4,678 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in Colliers International Group during the 3rd quarter valued at $2,581,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Colliers International Group by 114.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock valued at $24,552,000 after acquiring an additional 86,469 shares in the last quarter. King Luther Capital Management Corp lifted its stake in Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after acquiring an additional 178 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Colliers International Group by 93.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock valued at $18,491,000 after acquiring an additional 58,858 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

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.