Scotiabank Trims Colliers International Group (NASDAQ:CIGI) Target Price to $135.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price lowered by Scotiabank from $140.00 to $135.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. The brokerage currently has a sector outperform rating on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets increased their price target on Colliers International Group from $129.00 to $137.00 and gave the stock an outperform rating in a report on Friday, February 9th. Raymond James increased their price target on Colliers International Group from $140.00 to $145.00 and gave the stock a strong-buy rating in a report on Friday, February 9th. Stifel Nicolaus increased their price objective on Colliers International Group from $130.00 to $145.00 and gave the stock a buy rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated an outperform rating and set a $150.00 price objective on shares of Colliers International Group in a report on Thursday, February 29th. Finally, National Bankshares downgraded Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 price objective for the company. in a report on Thursday, January 4th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Colliers International Group presently has an average rating of Moderate Buy and an average target price of $138.50.

Colliers International Group Trading Down 0.7 %

NASDAQ:CIGI opened at $106.22 on Wednesday. Colliers International Group has a 1-year low of $83.38 and a 1-year high of $131.05. The business’s 50-day moving average price is $119.08 and its two-hundred day moving average price is $111.53. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 80.47 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results 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). Colliers International Group had a return on equity of 32.94% and a net margin of 1.51%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.20 billion. On average, equities analysts expect that Colliers International Group will post 5.62 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new position in Colliers International Group during the third quarter valued at approximately $48,000. PNC Financial Services Group Inc. boosted its position in Colliers International Group by 252.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 316 shares during the last quarter. Tobam acquired a new position in Colliers International Group during the fourth quarter valued at approximately $58,000. Security National Bank acquired a new position in Colliers International Group during the fourth quarter valued at approximately $70,000. Finally, Power Corp of Canada acquired a new position in Colliers International Group during the first quarter valued at approximately $72,000. 80.09% of the stock is owned by institutional investors and hedge funds.

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.