BMO Capital Markets Lowers Colliers International Group (NASDAQ:CIGI) Price Target to $107.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective decreased by equities research analysts at BMO Capital Markets from $131.00 to $107.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 11.61% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of Colliers International Group in a research report on Friday, September 22nd. Scotiabank reduced their price target on Colliers International Group from $130.00 to $122.50 and set an “outperform” rating for the company in a report on Tuesday, October 10th. National Bank Financial dropped their price objective on Colliers International Group from $133.00 to $131.00 in a report on Monday, July 10th. Finally, StockNews.com initiated coverage on Colliers International Group in a research note on Thursday, October 5th. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Colliers International Group has an average rating of “Buy” and an average target price of $127.44.

Colliers International Group Stock Up 10.9 %

NASDAQ CIGI opened at $95.87 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.31. Colliers International Group has a fifty-two week low of $83.38 and a fifty-two week high of $129.95. The business has a 50 day moving average price of $100.43 and a two-hundred day moving average price of $100.53. The stock has a market cap of $4.41 billion, a PE ratio of 639.13 and a beta of 1.48.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Colliers International Group had a return on equity of 47.47% and a net margin of 0.17%. As a group, sell-side analysts predict that Colliers International Group will post 6.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in Colliers International Group by 27.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,866 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,050 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new position in shares of Colliers International Group in the 2nd quarter valued at about $6,817,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of Colliers International Group by 46.5% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 154,689 shares of the financial services provider’s stock valued at $15,189,000 after buying an additional 49,130 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Colliers International Group by 0.5% during the 1st quarter. CIBC Asset Management Inc now owns 351,198 shares of the financial services provider’s stock valued at $37,028,000 after buying an additional 1,759 shares during the last quarter. Finally, Canoe Financial LP bought a new position in Colliers International Group in the first quarter worth about $20,560,000. 63.93% 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. It offers transaction brokerage services, including sales, leasing, and debt finance services, as well as landlord and tenant representation services; capital markets and investment services; and mortgage investment banking services.