Colliers International Group (NASDAQ:CIGI) Price Target Cut to $145.00 by Analysts at The Goldman Sachs Group

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective decreased by The Goldman Sachs Group from $165.00 to $145.00 in a report issued on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the financial services provider’s stock.

CIGI has been the subject of a number of other research reports. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. William Blair restated an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. StockNews.com upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, CIBC started coverage on Colliers International Group in a research note on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 target price for the company. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.40.

Colliers International Group Stock Performance

Shares of NASDAQ:CIGI opened at $124.00 on Wednesday. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96. The company’s 50 day moving average price is $132.06 and its two-hundred day moving average price is $141.39. The firm has a market cap of $6.11 billion, a PE ratio of 38.87 and a beta of 1.58. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (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 return on equity of 20.38% and a net margin of 3.35%. Equities research analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Trading of Colliers International Group

A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its holdings in Colliers International Group by 6.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 24,776 shares of the financial services provider’s stock valued at $3,368,000 after buying an additional 1,444 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Colliers International Group by 9.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,275 shares of the financial services provider’s stock valued at $17,422,000 after acquiring an additional 10,667 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Colliers International Group during the fourth quarter valued at $222,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Colliers International Group by 0.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock worth $4,681,000 after purchasing an additional 151 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of Colliers International Group by 288.0% in the fourth quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider’s stock worth $17,187,000 after purchasing an additional 93,864 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

About Colliers International Group

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.