BMO Capital Markets Lowers Colliers International Group (NASDAQ:CIGI) Price Target to $172.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective dropped by stock analysts at BMO Capital Markets from $177.00 to $172.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 28.58% from the stock’s current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. began 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. 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 note on Friday. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday. National Bankshares reduced their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Stock Down 1.7 %

NASDAQ:CIGI traded down $2.30 during mid-day trading on Friday, reaching $133.77. The company’s stock had a trading volume of 156,387 shares, compared to its average volume of 115,969. 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 firm has a market capitalization of $6.59 billion, a PE ratio of 42.60 and a beta of 1.49. The stock has a fifty day moving average of $140.61 and a 200-day moving average of $143.44. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. Equities research analysts forecast that Colliers International Group will post 5.41 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of institutional investors have recently added to or reduced their stakes in the company. PCJ Investment Counsel Ltd. increased its stake in Colliers International Group by 17.1% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 51,540 shares of the financial services provider’s stock valued at $7,001,000 after buying an additional 7,520 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Colliers International Group during the 4th quarter valued at $1,259,000. Plato Investment Management Ltd lifted its stake in Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 118 shares during the last quarter. Versor Investments LP bought a new stake in shares of Colliers International Group during the 4th quarter worth about $512,000. Finally, Alberta Investment Management Corp lifted its stake in shares of Colliers International Group by 3.4% in the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock valued at $85,143,000 after buying an additional 20,794 shares during the period. Institutional investors and hedge funds 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.