The Goldman Sachs Group Lowers Colliers International Group (NASDAQ:CIGI) Price Target to $145.00

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its price objective lowered by equities research analysts at The Goldman Sachs Group from $165.00 to $145.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. The Goldman Sachs Group's target price suggests a potential upside of 18.20% from the stock's current price.

CIGI has been the topic of a number of other reports. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research note on Tuesday, March 4th. Cibc World Mkts upgraded shares of Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. BMO Capital Markets dropped their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Raymond James dropped their price objective on shares of 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. Finally, StockNews.com raised shares of Colliers International Group from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $164.40.

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Colliers International Group Trading Down 0.9 %

CIGI stock traded down $1.12 during mid-day trading on Wednesday, reaching $122.67. The company had a trading volume of 144,903 shares, compared to its average volume of 112,729. 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 company has a market capitalization of $6.05 billion, a PE ratio of 38.45 and a beta of 1.58. The firm has a 50 day moving average of $131.67 and a 200 day moving average of $141.13. 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 released its quarterly earnings data 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 20.38%. On average, equities analysts predict that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FIL Ltd raised its holdings in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after purchasing an additional 832,583 shares during the last quarter. Norges Bank purchased a new position in shares of Colliers International Group during the fourth quarter worth $74,615,000. Janus Henderson Group PLC purchased a new position in shares of Colliers International Group during the third quarter worth $69,920,000. Franklin Resources Inc. raised its holdings in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after purchasing an additional 340,691 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Colliers International Group by 67.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after purchasing an additional 176,232 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.