Scotiabank Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $165.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target reduced by Scotiabank from $166.00 to $165.00 in a report released on Monday morning, MarketBeat.com reports. They currently have a sector outperform rating on the financial services provider’s stock.

CIGI has been the topic of a number of other research reports. Raymond James dropped their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. William Blair restated an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Royal Bank of Canada raised 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 note on Friday, February 7th. Finally, StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and an average price target of $164.30.

Colliers International Group Stock Up 0.9 %

CIGI stock opened at $124.06 on Monday. The firm has a market cap of $6.12 billion, a PE ratio of 38.89 and a beta of 1.58. Colliers International Group has a 12 month low of $101.01 and a 12 month 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 firm has a 50 day simple moving average of $129.72 and a 200 day simple moving average of $140.07.

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%. Equities research analysts forecast that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after buying an additional 298 shares during the last quarter. Plato Investment Management Ltd raised its position in Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 118 shares in the last quarter. Tobam lifted 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 acquiring an additional 98 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Colliers International Group in the fourth quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Colliers International Group by 44.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 378 shares during the last quarter. Hedge funds and other institutional investors 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.