Colliers International Group (NASDAQ:CIGI) Price Target Lowered to $148.00 at BMO Capital Markets

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target dropped by analysts at BMO Capital Markets from $180.00 to $148.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 47.72% from the company’s current price.

A number of other research analysts have also commented on CIGI. Scotiabank lowered their price objective on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Scotia lowered their price objective on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 15th. Finally, Raymond James Financial lowered their price objective on Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.89.

Colliers International Group Stock Up 3.3%

CIGI stock traded up $3.19 during mid-day trading on Wednesday, hitting $100.19. The stock had a trading volume of 118,335 shares, compared to its average volume of 340,047. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. Colliers International Group has a 1-year low of $94.57 and a 1-year high of $171.51. The company has a fifty day moving average of $110.04 and a 200 day moving average of $132.26. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 49.85 and a beta of 1.31.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. Colliers International Group had a return on equity of 20.43% and a net margin of 1.85%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. On average, equities analysts expect that Colliers International Group will post 6.4 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

Several hedge funds have recently added to or reduced their stakes in CIGI. Goldman Sachs Group Inc. boosted its stake in Colliers International Group by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after purchasing an additional 56,755 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Colliers International Group by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock valued at $5,508,000 after purchasing an additional 505 shares during the period. JPMorgan Chase & Co. bought a new stake in Colliers International Group during the 2nd quarter valued at approximately $39,000. Arrowstreet Capital Limited Partnership boosted its stake in Colliers International Group by 190.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,055 shares of the financial services provider’s stock valued at $1,055,000 after purchasing an additional 5,286 shares during the period. Finally, Invesco Ltd. boosted its stake in Colliers International Group by 0.5% during the 2nd quarter. Invesco Ltd. now owns 285,214 shares of the financial services provider’s stock valued at $37,232,000 after purchasing an additional 1,470 shares during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

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.