Colliers International Group (NASDAQ:CIGI) Given New $135.00 Price Target at Scotiabank

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective cut by Scotiabank from $140.00 to $135.00 in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have a sector outperform rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on the company. Raymond James boosted their price objective on Colliers International Group from $140.00 to $145.00 and gave the company a strong-buy rating in a research report on Friday, February 9th. Stifel Nicolaus upped their price objective on Colliers International Group from $130.00 to $145.00 and gave the company a buy rating in a report on Friday, February 2nd. National Bankshares lowered Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 price objective for the company. in a report on Thursday, January 4th. BMO Capital Markets upped their price objective on Colliers International Group from $129.00 to $137.00 and gave the company an outperform rating in a report on Friday, February 9th. Finally, Royal Bank of Canada restated an outperform rating and issued a $150.00 price objective on shares of Colliers International Group in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Colliers International Group has a consensus rating of Moderate Buy and a consensus price target of $138.50.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $108.94 on Wednesday. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $131.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 82.53 and a beta of 1.46. The business has a 50 day simple moving average of $119.68 and a 200-day simple moving average of $111.35.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. As a group, equities research analysts expect that Colliers International Group will post 5.62 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently modified their holdings of CIGI. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group during the first quarter worth $123,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Colliers International Group during the first quarter worth $655,000. US Bancorp DE raised its position in shares of Colliers International Group by 453.1% during the first quarter. US Bancorp DE now owns 2,760 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 2,261 shares during the period. Citigroup Inc. acquired a new stake in shares of Colliers International Group during the first quarter worth $75,000. Finally, Great West Life Assurance Co. Can raised its position in Colliers International Group by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 2,488 shares of the financial services provider’s stock valued at $345,000 after buying an additional 190 shares during the period. 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.