Colliers International Group (NASDAQ:CIGI) Price Target Lowered to $145.00 at The Goldman Sachs Group

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective lowered by The Goldman Sachs Group from $165.00 to $145.00 in a research report released on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the financial services provider’s stock.

Several other analysts have also commented on CIGI. Cibc World Mkts raised shares of Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Colliers Securities set a $160.00 target price on Colliers International Group in a research report on Tuesday, March 4th. Scotiabank decreased their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research report on Friday, February 7th. Finally, CIBC assumed coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Stock Down 0.9 %

CIGI opened at $122.67 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The stock’s 50 day moving average price is $131.67 and its 200 day moving average price is $141.12. The stock has a market cap of $6.05 billion, a P/E ratio of 38.45 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results 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 net margin of 3.35% and a return on equity of 20.38%. As a group, research analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC increased its position in Colliers International Group by 60.5% during the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 4,678 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Colliers International Group during the 3rd quarter worth about $2,581,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Colliers International Group by 114.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock valued at $24,552,000 after acquiring an additional 86,469 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after acquiring an additional 178 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Colliers International Group by 93.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock worth $18,491,000 after purchasing an additional 58,858 shares during the period. Institutional investors own 80.09% of the company’s stock.

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.