Stifel Nicolaus Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $160.00

Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its price objective cut by Stifel Nicolaus from $165.00 to $160.00 in a report published on Monday,BayStreet.CA reports. They currently have a buy rating on the financial services provider's stock.

Other research analysts have also issued research reports about the stock. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. The Goldman Sachs Group dropped their price target on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Royal Bank of Canada lifted their price objective on Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Colliers Securities set a $160.00 target price on Colliers International Group in a research report on Tuesday, March 4th. Finally, Scotiabank cut their price target on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a research note on Monday, March 31st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $161.80.

Colliers International Group Stock Up 2.4 %

NASDAQ:CIGI traded up $2.84 during trading hours on Monday, hitting $121.85. 66,930 shares of the stock traded hands, compared to its average volume of 114,323. The firm has a 50 day moving average price of $119.36 and a 200 day moving average price of $134.45. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 38.20 and a beta of 1.36. Colliers International Group has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI - Get Free Report) 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 research analysts anticipate that Colliers International Group will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. Barclays PLC bought a new position in Colliers International Group during the third quarter worth $1,629,000. Sei Investments Co. increased its position in Colliers International Group by 37.7% during the fourth quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider's stock worth $1,792,000 after acquiring an additional 3,606 shares during the period. Vanguard Group Inc. raised its stake in Colliers International Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock valued at $253,867,000 after purchasing an additional 21,422 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Colliers International Group in the 4th quarter valued at $1,259,000. 80.09% of the stock is currently owned by institutional investors.

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.