Colliers International Group (NASDAQ:CIGI) PT Lowered to $165.00

Colliers International Group (NASDAQ:CIGIGet Rating) (TSE:CIGI) had its price objective dropped by investment analysts at TD Securities from $185.00 to $165.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective would suggest a potential upside of 44.16% from the stock’s current price.

Several other research firms also recently weighed in on CIGI. TheStreet downgraded shares of Colliers International Group from a “b-” rating to a “c” rating in a research report on Friday, March 4th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research report on Tuesday, April 5th. They set a “neutral” rating and a $145.00 price objective on the stock. Zacks Investment Research downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Raymond James raised their price objective on shares of Colliers International Group from $185.00 to $195.00 and gave the company a “strong-buy” rating in a research report on Friday, February 11th. Finally, StockNews.com began coverage on shares of Colliers International Group in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $168.22.

CIGI traded down $1.63 during trading on Wednesday, hitting $114.46. The company’s stock had a trading volume of 9,834 shares, compared to its average volume of 86,410. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Colliers International Group has a one year low of $103.59 and a one year high of $158.42. The firm has a market cap of $4.92 billion, a PE ratio of -12.54 and a beta of 1.47. The business’s 50 day simple moving average is $129.02 and its 200-day simple moving average is $138.37.

Colliers International Group (NASDAQ:CIGIGet Rating) (TSE:CIGI) last released its quarterly earnings results on Thursday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.17). Colliers International Group had a negative return on equity of 69.42% and a negative net margin of 9.55%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm’s revenue was up 47.3% on a year-over-year basis. Equities research analysts expect that Colliers International Group will post 3.84 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CIGI. Deutsche Bank AG grew its stake in shares of Colliers International Group by 11.9% in the 3rd quarter. Deutsche Bank AG now owns 140,433 shares of the financial services provider’s stock worth $17,935,000 after buying an additional 14,900 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Colliers International Group by 57.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 318 shares of the financial services provider’s stock worth $40,000 after buying an additional 116 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Colliers International Group by 11.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,523 shares of the financial services provider’s stock worth $4,290,000 after buying an additional 3,328 shares in the last quarter. Keybank National Association OH purchased a new position in shares of Colliers International Group in the 3rd quarter worth $612,000. Finally, Swiss National Bank grew its stake in shares of Colliers International Group by 10.5% in the 3rd quarter. Swiss National Bank now owns 75,900 shares of the financial services provider’s stock worth $9,667,000 after buying an additional 7,200 shares in the last quarter. 65.33% of the stock is owned by institutional investors.

About Colliers International Group (Get Rating)

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. It offers sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services.

See Also

Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.