Colliers International Group (NASDAQ:CIGI) Price Target Cut to $145.00 by Analysts at Royal Bank of Canada

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price trimmed by Royal Bank of Canada from $150.00 to $145.00 in a research report sent to investors on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. Scotiabank reduced their target price on shares of Colliers International Group from $140.00 to $135.00 and set a sector outperform rating on the stock in a research report on Wednesday, April 17th. Raymond James raised their price objective on Colliers International Group from $140.00 to $145.00 and gave the stock a strong-buy rating in a report on Friday, February 9th. National Bankshares cut Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 target price for the company. in a report on Thursday, January 4th. BMO Capital Markets raised their price target on Colliers International Group from $129.00 to $137.00 and gave the company an outperform rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus upped their price objective on shares of Colliers International Group from $130.00 to $145.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $137.57.

Colliers International Group Price Performance

CIGI opened at $107.98 on Friday. The business has a fifty day moving average of $115.46 and a 200 day moving average of $112.63. The stock has a market cap of $5.28 billion, a P/E ratio of 52.67 and a beta of 1.50. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. Colliers International Group has a 52-week low of $83.38 and a 52-week high of $131.05.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.20 billion. Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. As a group, sell-side analysts anticipate that Colliers International Group will post 5.56 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division bought a new stake in shares of Colliers International Group in the 1st quarter valued at about $118,000. Whittier Trust Co. of Nevada Inc. lifted its position in Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the last quarter. Whittier Trust Co. boosted its stake in Colliers International Group by 16.4% in the first quarter. Whittier Trust Co. now owns 3,764 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 529 shares in the last quarter. Tobam grew its holdings in Colliers International Group by 185.5% in the first quarter. Tobam now owns 1,302 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 846 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Colliers International Group during the first quarter worth $229,000. 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.