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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target cut by BMO Capital Markets from $180.00 to $148.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

CIGI has been the topic of several other reports. Scotia decreased their price target on shares of 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. Royal Bank Of Canada decreased their price target on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Stifel Nicolaus set a $175.00 price target on shares of Colliers International Group in a report on Friday, March 13th. Finally, Zacks Research raised shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.89.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $98.63 on Wednesday. The firm has a 50 day moving average of $109.58 and a 200-day moving average of $131.49. The stock has a market capitalization of $5.04 billion, a PE ratio of 60.88 and a beta of 1.31. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 1.23. Colliers International Group has a 12 month low of $94.57 and a 12 month high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. Colliers International Group’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. On average, equities research analysts predict that Colliers International Group will post 6.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Colliers International Group

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in Colliers International Group during the 3rd quarter worth approximately $26,000. Arax Advisory Partners grew its holdings in Colliers International Group by 137.0% during the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 126 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Colliers International Group during the 4th quarter worth approximately $32,000. JPMorgan Chase & Co. bought a new stake in Colliers International Group during the 2nd quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 63 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

About Colliers International Group

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.