Royal Bank of Canada Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $145.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target trimmed by Royal Bank of Canada from $150.00 to $145.00 in a report published on Friday, MarketBeat reports. The firm currently has an outperform rating on the financial services provider’s stock.

CIGI has been the topic of several other research reports. Stifel Nicolaus lifted their price target on shares of Colliers International Group from $130.00 to $145.00 and gave the company a buy rating in a report on Friday, February 2nd. BMO Capital Markets boosted their price target on shares of Colliers International Group from $129.00 to $137.00 and gave the company an outperform rating in a research report on Friday, February 9th. Scotiabank lowered their price objective on shares of Colliers International Group from $140.00 to $135.00 and set a sector outperform rating for the company in a report on Wednesday, April 17th. National Bankshares downgraded Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 target price on the stock. in a report on Thursday, January 4th. Finally, Raymond James increased their target price on 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. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Colliers International Group presently has an average rating of Moderate Buy and an average target price of $137.57.

Colliers International Group Price Performance

Shares of Colliers International Group stock opened at $107.98 on Friday. The company’s fifty day simple moving average is $115.46 and its two-hundred day simple moving average is $112.63. Colliers International Group has a 12-month low of $83.38 and a 12-month high of $131.05. The firm has a market cap of $5.28 billion, a PE ratio of 52.67 and a beta of 1.50. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 1.15.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.01). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.20 billion. Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. As a group, equities analysts expect that Colliers International Group will post 5.56 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Colliers International Group by 252.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 316 shares during the last quarter. Tobam bought a new position in shares of Colliers International Group during the fourth quarter valued at $58,000. Security National Bank purchased a new position in shares of Colliers International Group in the 4th quarter worth about $70,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Colliers International Group in the 1st quarter worth about $118,000. Institutional investors 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.