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

Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its target price reduced by Stifel Nicolaus from $165.00 to $160.00 in a research report released on Monday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the financial services provider's stock.

A number of other research firms also recently commented on CIGI. BMO Capital Markets cut their target price on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. CIBC started coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price target for the company. Colliers Securities set a $160.00 target price on shares of Colliers International Group in a research report on Tuesday, March 4th. Finally, Raymond James cut their price target on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $161.80.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI traded up $0.13 on Monday, hitting $119.50. The company's stock had a trading volume of 14,625 shares, compared to its average volume of 114,649. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50-day simple moving average of $119.58 and a 200 day simple moving average of $134.86. The company has a market capitalization of $5.89 billion, a PE ratio of 37.50 and a beta of 1.36. Colliers International Group has a 1 year low of $100.86 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Sell-side analysts forecast that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Large investors have recently added to or reduced their stakes in the stock. Durable Capital Partners LP lifted its position in shares of Colliers International Group by 4.0% during the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock worth $359,549,000 after buying an additional 102,586 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 period. FIL Ltd increased its holdings in shares of Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after buying an additional 832,583 shares during the last quarter. Franklin Resources Inc. increased its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Finally, Alberta Investment Management Corp increased its stake in Colliers International Group by 3.4% in the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after acquiring an additional 20,794 shares during the last quarter. Institutional investors and hedge funds 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.