The Goldman Sachs Group Lowers Colliers International Group (NASDAQ:CIGI) Price Target to $145.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price reduced by The Goldman Sachs Group from $165.00 to $145.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 17.13% from the company’s current price.

CIGI has been the subject of a number of other reports. Royal Bank of Canada lifted their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective for the company. Cibc World Mkts raised shares of Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. CIBC began coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price objective for the company. Finally, Scotiabank dropped their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $164.40.

Colliers International Group Price Performance

NASDAQ:CIGI opened at $123.79 on Wednesday. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a fifty day simple moving average of $131.84 and a 200 day simple moving average of $141.27. The stock has a market capitalization of $6.10 billion, a PE ratio of 38.81 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. On average, research analysts expect that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 298 shares in the last quarter. Plato Investment Management Ltd raised its stake in Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 118 shares in the last quarter. Tobam raised its stake in 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 in the last quarter. Venturi Wealth Management LLC acquired a new position in Colliers International Group in the fourth quarter valued at about $145,000. Finally, CIBC Private Wealth Group LLC raised its stake in Colliers International Group by 44.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds 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.