BMO Capital Markets Has Lowered Expectations for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its price objective decreased by investment analysts at BMO Capital Markets from $177.00 to $172.00 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. BMO Capital Markets' target price suggests a potential upside of 29.74% from the stock's current price.

A number of other equities research analysts also recently commented on CIGI. National Bankshares cut their price objective on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research report on Friday. Scotiabank cut their price objective on Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating for the company in a research report on Friday. Royal Bank of Canada increased their target price on Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Friday. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a "neutral" rating and a $170.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of 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. Four 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.63.

Colliers International Group Price Performance

NASDAQ CIGI traded down $2.56 on Friday, reaching $132.57. 82,624 shares of the stock traded hands, compared to its average volume of 124,277. The firm's fifty day simple moving average is $139.91 and its 200 day simple moving average is $143.62. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 41.54 and a beta of 1.49. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (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 20.89%. As a group, research analysts predict that Colliers International Group will post 6.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CIGI. Tobam increased its holdings in shares of 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 purchasing an additional 98 shares in the last quarter. Plato Investment Management Ltd grew its holdings 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 acquiring an additional 118 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Colliers International Group by 26.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider's stock worth $90,000 after acquiring an additional 124 shares during the period. King Luther Capital Management Corp grew its holdings in Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider's stock worth $2,222,000 after acquiring an additional 178 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after acquiring an additional 254 shares during the period. 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.