Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its target price cut by Scotiabank from $140.00 to $135.00 in a report released on Wednesday, MarketBeat.com reports. They currently have a sector outperform rating on the financial services provider's stock.
Several other analysts also recently commented on CIGI. BMO Capital Markets boosted their target price on shares of Colliers International Group from $129.00 to $137.00 and gave the stock an outperform rating in a research report on Friday, February 9th. National Bankshares downgraded shares of Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 target price for the company. in a research report on Thursday, January 4th. Raymond James boosted their target price on shares of Colliers International Group from $140.00 to $145.00 and gave the stock a strong-buy rating in a research report on Friday, February 9th. Stifel Nicolaus boosted their target price on shares of Colliers International Group from $130.00 to $145.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reissued an outperform rating and issued a $150.00 target price on shares of Colliers International Group in a research report on Thursday, February 29th. 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. According to MarketBeat, Colliers International Group currently has an average rating of Moderate Buy and a consensus price target of $138.50.
Read Our Latest Report on CIGI
Colliers International Group Stock Down 0.1 %
CIGI traded down $0.14 on Wednesday, reaching $108.94. 117,356 shares of the company traded hands, compared to its average volume of 111,632. The stock's 50 day moving average price is $119.68 and its 200-day moving average price is $111.35. Colliers International Group has a 52-week low of $83.38 and a 52-week high of $131.05. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 82.53 and a beta of 1.46. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.02 and a quick ratio of 1.02.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.01). Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.20 billion. On average, sell-side analysts expect that Colliers International Group will post 5.62 EPS for the current fiscal year.
Institutional Trading of Colliers International Group
A number of institutional investors and hedge funds have recently modified their holdings of CIGI. Mackenzie Financial Corp raised its stake in Colliers International Group by 33.6% during the 4th quarter. Mackenzie Financial Corp now owns 725,052 shares of the financial services provider's stock valued at $91,754,000 after purchasing an additional 182,167 shares during the last quarter. Swiss National Bank increased its holdings in Colliers International Group by 10.9% in the 3rd quarter. Swiss National Bank now owns 91,600 shares of the financial services provider's stock valued at $8,797,000 after buying an additional 9,000 shares during the period. Vanguard Group Inc. increased its holdings in Colliers International Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,292,876 shares of the financial services provider's stock valued at $123,146,000 after buying an additional 22,603 shares during the period. Ameriprise Financial Inc. increased its holdings in Colliers International Group by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 718,321 shares of the financial services provider's stock valued at $68,420,000 after buying an additional 65,332 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in Colliers International Group by 7.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 84,209 shares of the financial services provider's stock valued at $8,057,000 after buying an additional 5,959 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Company Profile
(
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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.
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