Colliers International Group (NASDAQ:CIGI) Price Target Cut to $145.00 by Analysts at Royal Bank of Canada

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective dropped by equities researchers at Royal Bank of Canada from $150.00 to $145.00 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 34.28% from the company’s previous close.

Several other research firms have also recently issued reports on CIGI. Raymond James upped their price target on shares of Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 9th. Scotiabank reduced their price target on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 17th. National Bankshares downgraded Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price target for the company. in a research note on Thursday, January 4th. Stifel Nicolaus increased their target price on Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets boosted their price target on Colliers International Group from $129.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.57.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $107.98 on Friday. The firm has a 50-day moving average of $115.46 and a two-hundred day moving average of $112.46. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $5.28 billion, a P/E ratio of 52.67 and a beta of 1.50. Colliers International Group has a 1-year low of $83.38 and a 1-year high of $131.05.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). Colliers International Group had a net margin of 2.25% and a return on equity of 29.59%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, research analysts expect that Colliers International Group will post 5.56 earnings per share for the current fiscal year.

Institutional Trading of Colliers International Group

Hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division bought a new position in Colliers International Group during the 1st quarter worth $118,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 207 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Colliers International Group by 16.4% in the 1st quarter. Whittier Trust Co. now owns 3,764 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 529 shares during the period. Tobam lifted its position in Colliers International Group by 185.5% in the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 846 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Colliers International Group during the 1st quarter valued at about $229,000. Institutional investors own 80.09% of the company’s stock.

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.