Royal Bank of Canada Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $145.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target cut by Royal Bank of Canada from $150.00 to $145.00 in a report released on Friday, Marketbeat.com reports. They currently have an outperform rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Raymond James raised their target price on shares of Colliers International Group from $140.00 to $145.00 and gave the company a strong-buy rating in a research note on Friday, February 9th. Scotiabank lowered their price objective 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. National Bankshares lowered shares of Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 target price for the company. in a research 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 report on Friday, February 9th. Finally, Stifel Nicolaus increased their price objective on Colliers International Group from $130.00 to $145.00 and gave the company a buy rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $137.57.

Colliers International Group Stock Up 3.3 %

Shares of NASDAQ:CIGI opened at $111.57 on Friday. The firm has a fifty day moving average price of $115.31 and a two-hundred day moving average price of $112.79. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 54.42 and a beta of 1.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.02. Colliers International Group has a one year low of $83.38 and a one year high of $131.05.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.01). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. Analysts anticipate that Colliers International Group will post 5.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Colliers International Group in the fourth quarter worth approximately $47,753,000. Wellington Management Group LLP boosted its position in Colliers International Group by 181.6% during the 3rd quarter. Wellington Management Group LLP now owns 494,012 shares of the financial services provider’s stock valued at $47,125,000 after buying an additional 318,591 shares during the period. Mackenzie Financial Corp increased its position in shares of Colliers International Group by 73.9% in the third quarter. Mackenzie Financial Corp now owns 542,885 shares of the financial services provider’s stock valued at $50,559,000 after acquiring an additional 230,664 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Colliers International Group by 48.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 697,809 shares of the financial services provider’s stock valued at $88,405,000 after acquiring an additional 228,824 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in shares of Colliers International Group during the fourth quarter worth about $28,421,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.