Colliers International Group (NASDAQ:CIGI) Price Target Raised to $167.50 at Scotiabank

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target boosted by Scotiabank from $155.00 to $167.50 in a report released on Wednesday, Benzinga reports. The brokerage currently has a sector outperform rating on the financial services provider’s stock.

Several other brokerages have also weighed in on CIGI. National Bankshares increased their target price on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. BMO Capital Markets increased their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Royal Bank of Canada boosted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus increased their price objective on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $160.42.

Colliers International Group Trading Down 1.1 %

NASDAQ CIGI opened at $147.33 on Wednesday. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 50.11 and a beta of 1.50. Colliers International Group has a 12 month low of $94.85 and a 12 month high of $156.96. The company’s fifty day moving average price is $148.21 and its two-hundred day moving average price is $129.82. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts predict that Colliers International Group will post 5.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 4,678 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Colliers International Group during the third quarter worth about $112,000. State of New Jersey Common Pension Fund D bought a new stake in Colliers International Group in the third quarter worth about $702,000. Kornitzer Capital Management Inc. KS lifted its holdings in Colliers International Group by 23.4% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 7,260 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 1,375 shares during the last quarter. Finally, Argent Capital Management LLC boosted its position in shares of Colliers International Group by 30.0% during the 3rd quarter. Argent Capital Management LLC now owns 38,477 shares of the financial services provider’s stock valued at $5,841,000 after purchasing an additional 8,869 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

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.