Colliers International Group (NASDAQ:CIGI) Price Target Cut to $165.00 by Analysts at Scotiabank

Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its price objective decreased by Scotiabank from $166.00 to $165.00 in a report released on Monday, MarketBeat reports. Scotiabank currently has a sector outperform rating on the financial services provider's stock.

A number of other analysts also recently weighed in on CIGI. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. BMO Capital Markets lowered their price objective on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. National Bankshares decreased their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, Royal Bank of Canada boosted their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and a consensus target price of $164.30.

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Colliers International Group Price Performance

Shares of Colliers International Group stock traded down $4.09 during midday trading on Monday, hitting $112.17. 174,236 shares of the company traded hands, compared to its average volume of 114,355. 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 quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 35.16 and a beta of 1.58. The firm's fifty day moving average price is $129.20 and its 200-day moving average price is $139.90.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results 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%. As a group, sell-side analysts forecast that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Several institutional investors have recently bought and sold shares of CIGI. FIL Ltd boosted its holdings in Colliers International Group by 116.5% during the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after acquiring an additional 832,583 shares during the last quarter. Norges Bank bought a new position in shares of Colliers International Group during the 4th quarter worth approximately $74,615,000. Janus Henderson Group PLC purchased a new position in shares of Colliers International Group in the 3rd quarter worth approximately $69,920,000. Franklin Resources Inc. boosted its stake in shares of Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after buying an additional 340,691 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Colliers International Group by 67.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock valued at $59,320,000 after acquiring an additional 176,232 shares in the last quarter. 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.