Scotiabank Has Lowered Expectations for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price decreased by analysts at Scotiabank from $170.00 to $166.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s price target points to a potential upside of 23.91% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. started coverage on Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. The Goldman Sachs Group began coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective for the company. Royal Bank of Canada boosted their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Raymond James boosted their price objective on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.63.

Colliers International Group Stock Down 1.5 %

Shares of Colliers International Group stock traded down $2.11 on Friday, reaching $133.97. 165,745 shares of the company were exchanged, compared to its average volume of 116,048. The stock’s 50 day moving average price is $140.61 and its 200-day moving average price is $143.44. The company has a market cap of $6.60 billion, a P/E ratio of 42.66 and a beta of 1.49. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. As a group, equities analysts forecast that Colliers International Group will post 5.41 EPS for the current year.

Institutional Investors Weigh In On Colliers International Group

Large investors have recently bought and sold shares of the business. PCJ Investment Counsel Ltd. boosted its position in Colliers International Group by 17.1% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 51,540 shares of the financial services provider’s stock valued at $7,001,000 after buying an additional 7,520 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Colliers International Group during the 4th quarter worth $1,259,000. Plato Investment Management Ltd raised its stake in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after buying an additional 118 shares during the period. Versor Investments LP acquired a new stake in Colliers International Group during the 4th quarter worth $512,000. Finally, Alberta Investment Management Corp raised its stake in Colliers International Group by 3.4% during the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after buying an additional 20,794 shares during the period. 80.09% of the stock is currently owned by institutional investors.

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.