National Bankshares Has Lowered Expectations for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price lowered by equities research analysts at National Bankshares from $182.00 to $169.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price target indicates a potential upside of 26.34% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Scotiabank dropped their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. Four equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.63.

Colliers International Group Trading Down 1.7 %

NASDAQ:CIGI traded down $2.30 during trading hours on Friday, hitting $133.77. The company had a trading volume of 156,387 shares, compared to its average volume of 115,969. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96. The company has a market capitalization of $6.59 billion, a PE ratio of 42.60 and a beta of 1.49. The stock has a 50-day moving average price of $140.61 and a 200 day moving average price of $143.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. On average, equities research analysts predict that Colliers International Group will post 5.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Colliers International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in Colliers International Group during the third quarter worth approximately $69,920,000. Franklin Resources Inc. lifted its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock valued at $54,461,000 after buying an additional 128,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Colliers International Group by 114.8% in the third 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 purchasing an additional 86,469 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings 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 valued at $18,491,000 after acquiring an additional 58,858 shares during the period. 80.09% of the stock is 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.