Scotiabank Lowers Colliers International Group (NASDAQ:CIGI) Price Target to $170.00

Colliers International Group (NASDAQ:CIGIGet Free Report) (TSE:CIGI) had its price objective cut by equities research analysts at Scotiabank from $172.50 to $170.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s target price points to a potential upside of 20.77% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Royal Bank of Canada upped their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Raymond James increased their price objective on shares of Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective for the company. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.63.

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Colliers International Group Stock Down 2.0 %

NASDAQ:CIGI opened at $140.76 on Tuesday. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The stock has a market capitalization of $7.10 billion, a P/E ratio of 44.83 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The company’s 50-day simple moving average is $141.63 and its 200-day simple moving average is $143.01.

Colliers International Group (NASDAQ:CIGIGet Free Report) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Colliers International Group’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. On average, equities analysts anticipate that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Institutional Trading of Colliers International Group

A number of institutional investors and hedge funds have recently made changes to their positions in CIGI. Entropy Technologies LP acquired a new stake in Colliers International Group in the 4th quarter valued at $354,000. Empowered Funds LLC lifted its holdings in Colliers International Group by 31.0% during the fourth quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider’s stock valued at $2,212,000 after purchasing an additional 3,850 shares in the last quarter. Triasima Portfolio Management inc. grew its position in shares of Colliers International Group by 8.7% in the fourth quarter. Triasima Portfolio Management inc. now owns 15,058 shares of the financial services provider’s stock valued at $2,047,000 after purchasing an additional 1,200 shares during the period. Tobam grew its position in shares of Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 98 shares during the period. Finally, Cibc World Market Inc. increased its stake in shares of Colliers International Group by 3.9% during the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock worth $29,814,000 after purchasing an additional 8,148 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

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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.

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Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

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