JPMorgan Chase & Co. Has Lowered Expectations for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target reduced by JPMorgan Chase & Co. from $167.00 to $142.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on CIGI. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Raymond James dropped their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Royal Bank of Canada boosted their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Finally, National Bankshares cut their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.80.

Colliers International Group Trading Up 0.1 %

Shares of CIGI opened at $111.55 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock has a market cap of $5.50 billion, a PE ratio of 34.97 and a beta of 1.36. Colliers International Group has a 1 year low of $100.86 and a 1 year high of $156.96. The stock has a 50 day simple moving average of $124.23 and a 200-day simple moving average of $137.85.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, sell-side analysts predict that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Barclays PLC bought a new stake in Colliers International Group during the 3rd quarter worth about $1,629,000. Vanguard Group Inc. lifted its position in Colliers International Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock valued at $253,867,000 after purchasing an additional 21,422 shares during the period. Sei Investments Co. boosted its stake in shares of Colliers International Group by 37.7% in the 4th quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider’s stock valued at $1,792,000 after purchasing an additional 3,606 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Colliers International Group in the 3rd quarter valued at about $3,543,000. 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.