JPMorgan Chase & Co. Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $142.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price reduced by JPMorgan Chase & Co. from $167.00 to $142.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

CIGI has been the subject of several other reports. National Bankshares reduced their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. Raymond James decreased their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, CIBC started coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price target for the company. Four investment 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.80.

Colliers International Group Stock Performance

Shares of CIGI opened at $111.55 on Thursday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 34.97 and a beta of 1.36. The company’s fifty day moving average is $124.23 and its 200-day moving average is $137.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 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 analysts expect that Colliers International Group will post 6.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of 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 worth $102,261,000 after acquiring an additional 340,691 shares during the period. Barclays PLC acquired a new position in shares of Colliers International Group in the third quarter valued at $1,629,000. Vanguard Group Inc. lifted its position in Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after purchasing an additional 21,422 shares during the period. Sei Investments Co. boosted its stake 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 buying an additional 3,606 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Colliers International Group in the 3rd quarter valued at $3,543,000. 80.09% of the stock is currently owned by institutional investors.

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.