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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price cut by investment 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’ target price would indicate a potential upside of 26.34% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. 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 objective for the company. Raymond James increased their price objective on shares of Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective on the stock. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.63.

Colliers International Group Price Performance

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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its 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 return on equity of 21.78% and a net margin of 3.38%. On average, sell-side analysts forecast that Colliers International Group will post 5.41 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds have recently bought and sold shares of CIGI. Tobam grew its stake 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 in the last quarter. Plato Investment Management Ltd increased its stake in Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 118 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 124 shares in the last quarter. King Luther Capital Management Corp grew its holdings 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 worth $2,222,000 after acquiring an additional 178 shares during the period. Finally, HighTower Advisors LLC increased its position in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares in the last quarter. 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.