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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective cut by equities researchers at The Goldman Sachs Group from $165.00 to $145.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 18.46% from the company’s previous close.

CIGI has been the subject of a number of other reports. 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 report on Friday, February 7th. Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Royal Bank of Canada lifted their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, National Bankshares lowered their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.40.

Colliers International Group Trading Down 2.0 %

Shares of CIGI stock opened at $122.41 on Wednesday. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average is $132.27 and its two-hundred day moving average is $141.51. The company has a market cap of $6.03 billion, a PE ratio of 38.37 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data 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 return on equity of 20.38% and a net margin of 3.35%. Equities analysts predict that Colliers International Group will post 6.2 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently modified their holdings of the business. Tobam lifted its holdings in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 98 shares in the last quarter. Plato Investment Management Ltd lifted its stake in Colliers International Group by 16.0% in the 4th 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 in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Colliers International Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 144 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Colliers International Group by 0.4% during the 4th 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 in the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

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.