Colliers International Group (NASDAQ:CIGI) Price Target Cut to $109.00 by Analysts at National Bank Financial

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price lowered by National Bank Financial from $143.00 to $109.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s price objective suggests a potential upside of 12.83% from the company’s current price.

CIGI has been the topic of a number of other reports. Weiss Ratings downgraded shares of Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Royal Bank Of Canada decreased their price target on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. BMO Capital Markets dropped their price objective on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Raymond James Financial reduced their price objective on Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.11.

Colliers International Group Trading Down 1.1%

Shares of NASDAQ CIGI traded down $1.04 during mid-day trading on Monday, reaching $96.60. The company had a trading volume of 73,955 shares, compared to its average volume of 319,464. The business’s 50-day moving average is $95.91 and its 200-day moving average is $114.02. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.23. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 59.66 and a beta of 1.26. Colliers International Group has a 52 week low of $88.38 and a 52 week high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Equities analysts expect that Colliers International Group will post 6.82 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Several hedge funds have recently modified their holdings of CIGI. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group during the third quarter worth $26,000. Arax Advisory Partners increased its holdings in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 126 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Colliers International Group in the 4th quarter worth $32,000. JPMorgan Chase & Co. purchased a new stake in shares of Colliers International Group during the 2nd quarter worth $39,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.