Raymond James Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $170.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price decreased by stock analysts at Raymond James from $175.00 to $170.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective would suggest a potential upside of 27.08% from the company’s previous close.

A number of other equities analysts also recently issued reports on CIGI. Scotiabank dropped their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday. Royal Bank of Canada boosted their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday. National Bankshares dropped their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. Finally, National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Trading Down 1.7 %

Shares of CIGI stock traded down $2.30 on Friday, reaching $133.77. 156,387 shares of the company’s stock were exchanged, compared to its average volume of 115,969. The company’s fifty day simple moving average is $140.61 and its 200 day simple moving average is $143.44. The stock has a market capitalization of $6.59 billion, a PE ratio of 42.60 and a beta of 1.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted 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 21.78% and a net margin of 3.38%. As a group, analysts forecast that Colliers International Group will post 5.41 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds have recently made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. increased its position in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 124 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Colliers International Group in the 3rd quarter valued at approximately $112,000. Tobam increased its holdings in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the period. Blue Trust Inc. increased its stake in shares of Colliers International Group by 197.8% during the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after buying an additional 619 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Colliers International Group in the 4th quarter valued at $145,000. 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.