Colliers International Group (NASDAQ:CIGI) Given New $170.00 Price Target at Scotiabank

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target lowered by analysts at Scotiabank from $172.50 to $170.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s target price would indicate a potential upside of 18.36% from the stock’s previous close.

Other research analysts have also issued reports about the company. Royal Bank of Canada raised their price objective 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. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective on the stock. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

Colliers International Group Trading Down 0.4 %

Shares of CIGI traded down $0.61 during trading hours on Tuesday, hitting $143.63. The stock had a trading volume of 5,450 shares, compared to its average volume of 83,649. 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 firm has a market cap of $7.24 billion, a P/E ratio of 45.74 and a beta of 1.49. The company’s fifty day simple moving average is $141.66 and its 200 day simple moving average is $142.88. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its 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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. Equities research analysts forecast that Colliers International Group will post 5.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its stake in Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 124 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Colliers International Group in the third quarter worth about $112,000. Blue Trust Inc. grew its stake in Colliers International Group by 197.8% in the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 619 shares in the last quarter. Stonegate Investment Group LLC acquired a new position in Colliers International Group in the third quarter worth about $264,000. Finally, HighTower Advisors LLC grew its stake in Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 254 shares in the last quarter. 80.09% of the stock is currently 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.