The Goldman Sachs Group Issues Pessimistic Forecast for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective trimmed by The Goldman Sachs Group from $165.00 to $145.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

A number of other research firms have also weighed in on CIGI. StockNews.com raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Scotiabank dropped their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada increased their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. started coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Finally, National Bankshares lowered their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Trading Up 1.3 %

NASDAQ CIGI opened at $124.00 on Wednesday. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $6.11 billion, a P/E ratio of 38.87 and a beta of 1.58. The business has a 50 day simple moving average of $132.06 and a 200 day simple moving average of $141.39.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in Colliers International Group by 60.5% in the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 4,678 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Colliers International Group during the 3rd quarter worth $2,581,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Colliers International Group by 114.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock worth $24,552,000 after acquiring an additional 86,469 shares during the last quarter. King Luther Capital Management Corp raised its stake in Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after acquiring an additional 178 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Colliers International Group by 93.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock worth $18,491,000 after purchasing an additional 58,858 shares during the period. 80.09% of the stock is 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.