Colliers International Group (NASDAQ:CIGI) Given New $164.00 Price Target at National Bankshares

Colliers International Group (NASDAQ:CIGIGet Rating) (TSE:CIGI) had its price objective lowered by National Bankshares from $176.00 to $164.00 in a research note released on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the financial services provider’s stock.

A number of other analysts have also recently issued reports on the stock. Raymond James increased their price objective on shares of Colliers International Group from $185.00 to $195.00 and gave the stock a strong-buy rating in a research note on Friday, February 11th. TD Securities reduced their price objective on shares of Colliers International Group from $185.00 to $165.00 and set a buy rating for the company in a research note on Wednesday, April 27th. StockNews.com cut shares of Colliers International Group from a buy rating to a hold rating in a research note on Wednesday, April 27th. TheStreet cut shares of Colliers International Group from a b- rating to a c rating in a research note on Friday, March 4th. Finally, Zacks Investment Research cut shares of Colliers International Group from a buy rating to a hold rating in a research note on Tuesday, April 12th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group presently has an average rating of Buy and a consensus target price of $165.89.

CIGI opened at $113.50 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Colliers International Group has a 1-year low of $104.53 and a 1-year high of $158.42. The firm’s 50 day simple moving average is $124.93 and its two-hundred day simple moving average is $137.34.

Colliers International Group (NASDAQ:CIGIGet Rating) (TSE:CIGI) last released its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.21. Colliers International Group had a negative net margin of 9.55% and a negative return on equity of 69.42%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $905.20 million. During the same period last year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 30.2% on a year-over-year basis. As a group, sell-side analysts predict that Colliers International Group will post 3.84 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CIGI. Deutsche Bank AG lifted its holdings in Colliers International Group by 11.9% during the 3rd quarter. Deutsche Bank AG now owns 140,433 shares of the financial services provider’s stock valued at $17,935,000 after buying an additional 14,900 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Colliers International Group by 57.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 318 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 116 shares during the period. Russell Investments Group Ltd. increased its position in Colliers International Group by 11.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,523 shares of the financial services provider’s stock valued at $4,290,000 after purchasing an additional 3,328 shares during the period. Keybank National Association OH purchased a new position in Colliers International Group during the 3rd quarter valued at about $612,000. Finally, Swiss National Bank increased its position in Colliers International Group by 10.5% during the 3rd quarter. Swiss National Bank now owns 75,900 shares of the financial services provider’s stock valued at $9,667,000 after purchasing an additional 7,200 shares during the period. Institutional investors own 63.84% of the company’s stock.

Colliers International Group Company Profile (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.